Listen to this articleBelow is our recent interview with Luciano Butera, EVP and COO at TRADE X:
Q: Could you provide our readers with a brief introduction to your company?
A: TRADE X is a B2B automotive platform that connects buyers and sellers from around the world in a global marketplace, reducing the friction in global automotive trade by handling logistics, currency, and compliance. The TRADE X platform also identifies arbitrage opportunities between countries, and ensures each trade is completed securely and transparently with TRADE X as the trusted 3rd party intermediatory.
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Q: Any highlights on your recent announcement?
A: Techlantic is a veteran in the automotive cross-border trade finance space, with over 30 years of experience financing global vehicle export. This acquisition accelerates TRADE X’s global expansion by increasing its global trading network, deepening its expertise in global trade financing through the acquisition of personnel, products, and services.
Q: Can you give us more insights into your offering?
A: TRADE X provides sellers with a global automotive marketplace that puts sellers in contact with the world’s highest bidders and for buyers, the platform sources the best vehicles from the most economically viable markets. TRADE X provides an automated process, allowing users to buy and sell vehicles without the historical complexities of cross-border vehicle trade. TRADE X handles the vehicle compliance and admissibility checks, vehicle inspections, logistics, homologation, and offers buyers trade financing. The TRADE X platform ensures all parties are protected in the transaction from start to finish.
Q: What can we expect from your company in the next 6 months? What are your plans?
A: The next 6 months have TRADE X on an accelerated path to growth, both organically and through additional strategic and accretive acquisitions. Further funding rounds will also be a focus, allowing TRADE X to continue the pace of building out the world’s first and only global automotive marketplace.
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Q: What is the best thing about your company that people might not know about?
A: TRADE X stands behind every trade transaction on the platform, bringing trust to the marketplace and ensuring the buyer and seller are fully protected.
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