Trumid
Credit trading platform
- 101-200 employees
- Fintech
- B2B
- Trading
- Market research
- SaaS
- Garment District, New York, NY
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Company mission
To harness the power of product design and cutting-edge technology in order to bring greater access and efficiency to credit trading.
16% employee growth in 12 months
Our take
Trumid is a finance company focused on the credit market, a growing sector in which the corporate bond market is worth in excess of $40 trillion. The business offers a diverse network for trading corporate bonds to offer a new solution to customers.
There is stiff competition in the sector, and Trumid's rivals for market share include X Financial, Darwinex, Vise and Butterwire. However, the company believes it differentiates itself through a combination of technology, intuitive design, and market expertise to deliver a unique trading solution to its community of users.
Considering the commercial potential of the platform, it’s not surprising that Trumid has received huge private finance support. The company also regularly partners with other businesses in the sector, and in 2021 developed an electronic Asian bond trading platform with SGX and Hillhouse as it expands overseas.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Team-oriented and collaborative company culture
- Fully paid medical, dental and vision coverage
- Newly designed office space with an emphasis on individual and team work-styles
- Commitment to work-life balance; embracing flexible and distributed working philosophies
Company values
- The Power of the Network Effect - An engaged community of users, connected through technology, optimizes liquidity for all participants
- Finding Solutions is Fun - We find joy in solving problems and working together towards common goals
- Differentiation Through Design - Our product is who we are. We focus on design, workflows, and creating a successful user experience
- Domain Expertise Matters - We understand the art and science of trading, allowing us to build products tailored to our clients’ needs
- Staying Nimble - Markets are evolving, and so are we. We commit to staying nimble and agile as we grow
Funding (last 2 of 9 rounds)
Oct 2021
$208m
GROWTH EQUITY VC
Jan 2021
$50m
GROWTH EQUITY VC
Total funding: $663.3m
This company has top investors
Leadership
Ronnie Mateo
(CEO & Co-Founder)After studying at Cornell, Ronnie worked as VP of SalomonSmithBarney for 4 years before moving to QUIX Capital, Citi and then Trinity Brokers. He founded Trumid in June 2014, serving as CEO since.
Michael Sobel
(Co-CEO)Was a Managing Director at Barclays Capital and a VP at Lehman Brothers.
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