Bank Frick has strengthened its fintech capabilities and acquired a majority holding in Tradico AG. The Liechtenstein company offers finance for goods purchasing to companies. The successful start-up is already operating profitably.
Tradico has already achieved turnover of over €60m since it was founded in 2015. It offers trade financing to SME companies. The core of its business activities lies in Germany.
Melanie Mündle, Rolf Jermann, member of Bank Frick's Board of Directors, and the fintech entrepreneur Marcel Vaschauner are joining the Board of Directors of the fintech. Tradico co-founder Manuel Hehle is leaving the Board of Directors and will continue to be the CEO.
The management team under the leadership of Manuel Hehle will guide the company into the future.