Over the past quarter, Treyd has taken strategic measures to strengthen its position in the market. Despite the challenges faced during Q3, the company has now announced overcoming these difficulties and is ready to shift focus towards growth and profitability. In an effort to optimize its operations and enhance profitability, Treyd has initiated actions such as ending partnerships with high-risk clients and reducing its workforce. This restructuring positions the company strongly for achieving faster and more efficient growth while saving costs and ensuring a stable foundation for future expansion.
A crucial strategic initiative for Treyd is the company's increased focus on internationalization. With a majority of its customers and partners outside of Sweden, Treyd aims to further strengthen its presence on the international stage. The recently relaunched platform is designed to meet the specific needs of the global market, solidifying their position as pioneers in their industry.
Treyd's CEO shares enthusiasm for the company's future, explaining that the challenges of the fall have been valuable lessons for them. Despite the difficulties encountered, Treyd has drawn valuable insights and identified areas for improvement. By being open to change and adaptation, they now have a fresh start and are ready to face future challenges with a stronger and more experienced foundation. Treyd is determined to continue being a leading player in financial technology by continuously exploring new opportunities.
A key strategic focus for Treyd is successfully navigating the changes in global trade and addressing the specific needs that arise when 28% of world trade is prepaid. Through continuous development and improvement of the platform, the company has decided to integrate new innovative products and features. By adapting and expanding the platform's functionality, Treyd can effectively meet the needs of its customers and partners requiring advance payments in trade transactions. The increasing demand for such payment methods has created a significant market for companies that can offer a reliable and secure platform for these transactions. Through this strategic initiative, part of Treyd's overall goal to be a prominent player in financial technology, the company will continue to shape the future of the global trade landscape and be a trusted partner for businesses worldwide.
Finally, the company has recently secured a significant capital injection of 127 million SEK, with a substantial portion coming from a convertible loan. This support has been facilitated by reputable actors such as Nineyards Equity and Antler, enabling Treyd to raise almost a quarter of a billion SEK during its three years of operation—an impressive achievement. With the recently secured capital injection and a stable foundation after the challenges faced in the fall, Treyd is now strongly focused on the upcoming growth and innovation phase. Investors and stakeholders can expect exciting advancements from this growing fintech company, which continues to shape the future of the global trade landscape.