The Trading Pit, An Award-Winning Proprietary Trading Firm Secures €10 million In Growth Funding
The Trading Pit (TTP) is excited to announce that it has secured €10 million in its latest round of growth funding. The high-growth prop trading fintech has secured capital to accelerate its growth initiatives with a mission to become the global leader in online prop trading.
The Trading Pit is now set to enable global access to all major asset classes, including Forex, stocks, ETFs, futures, options, and cryptos within the next 6 months. Pinorena Capital was the principal investor in this funding round following its early investment in the Company.
“We are very eager to support The Trading Pit considering the Company’s exceptional delivery on all fronts of its original business plan. We have been amazed by the strong interest TTP has received from brokers, platform providers, and of course traders in such a short time. This solidifies our belief that TTP’s products and services will fundamentally change the way the prop trading industry works today. The fintech start-up has our full support in becoming the industry’s benchmark over the next few years and creating the prop trading, investing, and asset management super app.”
Illimar Mattus | Founder of Pinorena Capital & Co-Founder of The Trading Pit
Pinorena Capital, the private equity firm led by entrepreneur, Illimar Mattus, runs a fintech-heavy portfolio of companies. The funding raised will boost TTP in achieving its goals and help in creating a super app starting with proprietary trading and then naturally expanding into investing and asset management. TTP is set for the ambitious build-up of B2B product offering and B2C business development network, spanning from Asia to the Americas. A global network of up to 30 major trading platforms and service providers will be featuring TTP’s prop trading infrastructure within the next 24 months with the liquidity being sourced from over 20 industry-leading brokers.
“We are pleased to see such a strong commitment from our existing investors which will help us to deliver on all strategic objectives of The Trading Pit at a much faster pace. The Trading Pit emerged from the simple concept of giving all skilful traders a fair opportunity to reach success in an environment where there is no conflict of interest, and which has full transparency. Our initial success has convinced us that we need to be much bolder with our plans and execution, and the capital provided by our investors will help us to do exactly this.”
Christoph Radecker | Founder of Futures.de & Co-Founder of The Trading Pit
As the Company looks forward to realizing its innovative approach to trading the markets, its product development capacity and speed will be the keys to establishing The Trading Pit as the one-stop of online prop trading. The Trading Pit is the new generation online platform for talented traders. The Company’s prop trading challenges are designed in the most comprehensive and automatic way to identify and retain top prop traders worldwide. The Company has consistently outpaced growth forecasts and its innovation across all platforms and services allow traders for more impactful results.
The Trading Pit is deeply grateful to all the people who believed in its vision to fundamentally change the model how prop trading is done globally. Trading as it should be!