Mitigram offers a unified digital platform that connects participants in the trade finance industry, helping clients fund and hedge the risk of trade. The firm stakes a claim to offering the only independent, multi-bank, multi-instrument, multiformat channel agnostic digital platform.
The firm was founded in 2015 and first operated in the Nordics and continental Europe. In 2020 it identified Singapore and Asia as its key regional headquarters and key expansion market respectively. The firm’s product set is currently used by more than200 multinational corporations, commodity traders and financial institutions, which it identifies as ‘Mitizens’.
Since its commercial launch in 2016, Mitigram has enabled more than $70bn in trade flows, facilitated trade 100-plus markets, and covered risks on in excess of 1,000 financial institutions worldwide.
Mitigram enables the assessment of real-time pricing, risks and capacity from partner banks, while leveraging SWIFT connectivity, application programming interfaces (APIs) and artificial intelligence (AI) with the aim of delivering the best possible financing access and execution.
Mitigram replaces siloed, analogue and outdated communication with a fully centralised end-to-end transaction ledger, automated data capture and secure multi-bank communication.
The firm is based in Stockholm, Sweden, with offices in Singapore and a sales presence in Europe and across Asia. The company celebrates diversity, fronting an all-female Founder, CEO and CFO team.
Clients: 200-plus major entities, including large multinational corporations (MNCs), global commodity traders, and a majority of the world’s largest trade finance banks.
Active region(s): Europe, Asia-Pacific, Africa, Middle East, South America.
Employees: More than 50
Ownership: Moor & Moor Capital, Sampo Group, Fort Knox, Johan Andersson (CEO Mellby Gård) and Management.
Elevator pitch: “Mitigram is on a mission to remove friction from global trade financing, so every business can trade freely. As the leading digital platform in global trade financing, our independent, multi-bank, multi-instrument, multiformat channel-agnostic digital platform makes trade finance seamless. Mitigram is already used by over 200 multinational corporations, commodity traders and financial institutions in over 100 markets.”
TMI view: Successful and efficient trade depends on strong and seamless connectivity; here’s a platform that offers just that for those seeking to fund and to hedge the risk of their trading activities.
Verdict: It’s a one-stop funding and risk management shop for trade participants. Its client list and reach say a lot about its efficacy.