Appleby Capital, Inc., is pleased to announce that smartTrade Technologies, a leading global provider of liquidity management systems for the international banking industry has received a material investment from Keensight Capital, a Paris based, technology focused private equity firm. Appleby Capital served as smartTrade Technologies exclusive financial advisor. This is now the 3rd significant European transaction Appleby has executed recently.
Harry Gozlan, Chairman, Smart Trade Technologies commented, “We are delighted that Keensight Capital is partnering with us to support the next stage of our development. After 15 years dedicated to developing market-leading products and thanks to the recognition from the financial industry, which is undergoing significant regulatory and technological shifts creating further challenges, smartTrade is now in a position to speed up its growth and capitalize on the consolidation potential within the “Fintech” sector. As an investor specialized in the technology sector and with access to an extensive international network, Keensight Capital has an intimate understanding of the underlying issues of our business.”
“We could not have been more satisfied with the efforts and market knowledge of Scott and his team at Appleby.” Jerome Pujol, Managing Partner Keensight Capital, will be joining the smartTrade Technologies board of directors.
Mr. Pujol said “We are very proud to be partnering with smartTrade Technologies, an innovative company which fits perfectly with our Investment strategy, focused on profitable European companies experiencing strong growth, in a sector we know well. As a software developer within the trading space – a segment of the financial industry growing rapidly due to electrification as well as regulatory developments – the company has a tremendous growth potential”.