TRUMID, a New York-based fintech startup and bond trading platform, has secured fresh investment from global investment firm Hillhouse Capital in a US$60 million funding round.
The latest injection of funds will be used to expand Trumid’s US corporate bond business, and for protocol and product expansion, the company said. Mike Sobel, President of Trumid, noted that Hillhouse is a"fantastic partner" for Trumid at this stage of its life cycle."They have a stellar track record of supporting long-term growth, and will help us improve and expand for years to come," he said.
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