Prop trading fintech The Trading Pit secures €10 million in growth funding

The fintech has secured capital to accelerate its growth initiatives with a mission to become the global leader in online retail supplies.

Trading Pit is now set to enable global access to all major asset classes including Forex, Futures, Stocks and Cryptos within the next 6 months. Pinorena Capital was the lead investor in this financing round after the early investment in the company.

“We are very keen to support The Trading Pit given the company’s exceptional delivery on all fronts of the 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 period of time. This strengthens our believe that TTP’s products and services will fundamentally change the way the prop trading industry operates today. The fintech startup has our full support in becoming the industry benchmark over the next few years and creating the prop trading, investment and asset management super app.”
Illimar Mattus | Founder of Pinorena Capital and co-founder of The Trading Pit

Pinorena Capital, the private equity company led by founder Illimar Mattus, runs a fintech-heavy portfolio of companies. This funding will help TTP achieve its goals and help create a super app that starts with proprietary trading and then naturally expands into investments and asset management. TTP is building an ambitious B2B product offering and B2C business development network, from Asia to America. A global network of up to 30 major trading platforms and service providers will form part of TTP’s proprietary trading infrastructure over the next 24 months, with liquidity sourced from over 20 industry-leading brokers.

“We are delighted to see such a strong commitment from our existing investors that will help us deliver on all of The Trading Pit’s strategic goals at a much faster pace. The Trading Pit was born from the simple concept of giving all skilled traders a fair chance to achieve 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 that.”
Christoph Radecker | Founder of Futures.de and co-founder of The Trading Pit

As the company looks forward to realizing its innovative approach to trading with the markets, its product development capacity and speed will be key to establishing itself as the leading one-stop arena for online supplies trading. The Trading Pit’s platform and offerings represent nothing less than a new generation of online services and products for talented traders. The company’s prop trading challenges are designed by industry experts and developers to identify and retain top traders worldwide. The company has consistently exceeded growth forecasts and the innovation across its platforms and services enables traders to create far more impactful results.