ANNOUNCEMENT: The Trading Pit, an Award-Winning Prop Trading Firm, Secures €10M for Growth

VADUZ, Liechtenstein, Nov.

ANNOUNCEMENT: The Trading Pit, an Award-Winning Prop Trading Firm, Secures €10M for Growth

VADUZ, Liechtenstein, Nov. 15, 2022 /PRNewswire/ -- The Trading Pit (TTP) is proud to announce that it has raised €10 million in its latest growth funding round. This high-growth fintech company has raised capital to accelerate its expansion efforts with a mission to become the world leader in online prop trading.

The Trading Pit is set to enable global access to major asset classes including Forex, Futures, Stocks and Cryptocurrencies in the next 6 months. Pinorena Capital has been the main investor in this round of financing after its initial investment in the company.

"We are very pleased to support The Trading Pit considering the company's exceptional performance on all fronts of its original business plan. We have been amazed at the strong interest TTP has received from brokers, platform providers and of course traders in such a short time. This cements our belief that TTP's products and services will fundamentally change the way the trading industry works today. The fintech start-up has our full support in becoming in the reference of the sector in the coming years and create the super application for trading, investment and asset management."

Illimar Mattus | Founder of Pinorena Capital and co-founder of The Trading Pit

Pinorena Capital, the private equity firm led by businessman Illimar Mattus, manages a portfolio of companies with a high fintech component. This funding will help TTP achieve its goals and build 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 prop trading infrastructure over the next 24 months, with liquidity sourced from more than 20 industry-leading brokers.

"We are pleased to see such a strong commitment from our current investors that will help us meet all of The Trading Pit's strategic goals at a much faster rate. The Trading Pit grew out of the simple concept of giving all skilled traders a fair chance to succeed in an environment where there is no conflict of interest and full transparency Our early success has convinced us that we need to be much bolder with our plans and execution, and the capital contributed by our investors will help us to do exactly that."

Christoph Radecker | Founder of and co-founder of The Trading Pit

As the company looks to realize its innovative approach to trading in the markets, its ability and speed of product development will be key to establishing itself as the premier hub for online prop trading. The Trading Pit platform and offerings represent nothing less than a new generation of online services and products for talented traders. The company's prop trading challenges have been designed by industry experts and developers to identify and retain the best traders from around the world. The company has consistently exceeded growth forecasts and its innovation in its platforms and services allows operators to create much more impressive results.

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