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bolero.net has secured US$30 million in a private placement of shares led by Apax Partners, one of the world's leading private equity investment groups. bolero.net is the new electronic trade community that provides a common, open system by which businesses can exchange trade documents and data via the internet. bolero.net acts as a neutral third party to ensure secure delivery and receipt of the information and provides a legal structure that binds together all users.

bolero.net was created by the international financial messaging co-operative SWIFT (the Society for Worldwide Interbank Financial Telecommunication) and The TT (Through Transport) Club, which is a mutual insurance vehicle for the world's container fleet carriers, ports and terminals and logistics companies. Their members, in turn, work with most companies that buy and sell internationally.

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16y ago

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