January 27, 2016 in FinTech, News from Our Companies

TradeRocket wins Atlanta Metro Export Challenge Grant

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http://atdc.org/companies/traderocket/TradeRocket, a financial technology (FinTech) startup was named an Atlanta Metro Export Plan (MEP) Challenge Grant Winner for 2016, as part of Atlanta’s participation in the Global Cities Initiative (GCI). In conjunction with this honor, TradeRocket’s CEO Jim Eckstein will attend FinovateEurope in London in February as a member of the Atlanta Mayor’s Office of International Affairs and Invest Atlanta. The trade mission’s purpose aims to reinforce Atlanta’s status as a global FinTech hub.

FinovateEurope represents the future of European banking and finance technology, which includes the latest industry innovations, cutting-edge start-ups and leading established companies.

A member of the Advanced Technology Development Center (ATDC) at Georgia Tech, TradeRocket is an ATDC Accelerate company in the incubator’s FinTech program.

TradeRocket’s unique, softeware-as-a-service (SaaS) platform allows mid-market buyers to pay suppliers when they choose to, and suppliers to get paid when they want to. It also provides funders with an opportunity to make short-term/low-risk/high-return investments. TradeRocket brings much needed transparency to the business financial supply chain. Several Atlanta area businesses are already involved in using the platform that is designed to convert their accounts payable departments into profit centers.

The Atlanta MEP was implemented in June 2015 by multiple organizations, including the Metro Atlanta Chamber, the Georgia Department of Economic Development, and the city of Atlanta, working in partnership with several other regional and local economic development agencies and public and private organizations. The MEP is the first phase of Atlanta’s participation in the GCI, a joint project of Brookings and JPMorgan Chase, which aims to help leaders in U.S. metropolitan areas reorient their economics toward greater engagement in world markets.

“This is a great opportunity for the City of Atlanta to demonstrate its position as a global FinTech center and TradeRocket is honored to be part of this ambassador program,” said TradeRocket CEO Jim Eckstein. “When you look at the amazing companies that call Atlanta home, it’s clear that our startup is in the right place, at the right time.”

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