BDC Capital provides $1.25 mln of mezz financing to TickTrade
BDC Capital has supplied $1.25 million of mezzanine financing to TickTrade, a Toronto-based provider of a software-as-a-service foreign exchange (FX) trading platform. BDC invested through its Growth and Transition Capital division. The deal was led by Director Kyle Feucht. Founded in 2013 by CEO Baha Ohcebol and COO Alexander Culiniac, TickTrade provides its FX trading and payments solutions to the global financial services industry. The proceeds of the financing, TickTrade's first from an institutional source, will be used to hire additional sales and marketing personnel as the company begins further U.S. and European market penetration.
25 June 2019•3 mins read
