TradeWindow has announced the cancellation of its strategic partnership agreement with nChain, a global trade software company.
The decision to terminate the agreement was made mutually after both parties worked towards resolving challenges that were hindering the partnership.
The details of the cancellation and the settlement reached between the two companies have not been disclosed.
TradeWindow sees the cancellation as an opportunity to pursue alternative avenues for growth and is now focused on exploring new partnerships and opportunities to advance product development and expand its market reach.
As part of its strategic focus, the company has recently completed a restructuring initiative, which involved a 40% reduction in its workforce.
This streamlined operating model is aimed at intensifying the commercialisation efforts of its existing products.
TradeWindow aims to achieve a monthly EBITDA break-even in the financial year 2025 and is actively engaged in discussions regarding funding with existing and potential new investors.See more