KOMGO acquires GTC

The software development and technology services company solving problems for the trade finance industry acquires GTC

M & A buy side 2022, December

Insurance & Fintech
Enterprise software

“Together Komgo and GTC will provide the widest coverage, and biggest volumes, for our corporate and bank users. We are combining Komgo’s commodity expertise with GTC’s industry expertise, consolidating the market for digital trade services. Trade finance is moving to a digital framework, and we’re proud to be at the forefront of this transition"

Souleïma Baddi, CEO of Komgo

Swiss-headquartered Komgo announced that it has acquired Canadian GlobalTrade Corporation (GTC), to create the world's largest platform for digitalisation of trade finance. Komgo and GTC provide trade finance digitalisation solutions to over 120 multinational clients and their 11,000+ subsidiaries, connecting them to their financial institutions and trade service providers on a global basis.