Traydstream

Traydstream is a trade finance technology company founded in 2016 and headquartered in London, with offices opened since then in India, Pakistan, Japan, the United States and the UAE. It automates trade document checking, the step in which bank operations staff examine documents presented under letters of credit and collections and decide whether discrepancies exist.

The platform digitises scanned and digital documents, extracts structured and unstructured data across more than 800 document types, and validates it against what the company describes as over a quarter of a million trade and compliance rules covering UCP 600 and ISBP, returning a discrepancy report for examiner review. Traydstream reports 99.98 percent discrepancy accuracy, use in over 70 countries and more than USD 350 billion of transactions processed. Deutsche Bank has worked with the company since a 2021 pilot and extended the partnership to integrate the platform into its documentary trade business; Standard Bank Group and Stanbic Bank Uganda are also users. Funding includes a USD 8 million Series A in 2021 and a USD 21 million Series B in 2023.

1. Document capture: reads scanned and digital presentations across more than 800 trade document types.

2. Rules engine: validates each presentation against over 250,000 trade and compliance rules, including UCP 600 and ISBP.

3. Discrepancy reporting: returns a structured list of findings with the clause behind each one, so the examiner reviews rather than re-reads.

4. Compliance checks: integrated third-party sanctions and compliance providers run alongside the document check.

5. Track record: 99.98% discrepancy accuracy claimed, over USD 350 billion of transactions processed, use in 70+ countries.

6. Bank deployments: Deutsche Bank (since a 2021 pilot, partnership extended), Standard Bank Group and Stanbic Bank Uganda.