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Fidectus

Fidectus

New generation energy trading post-deal processing
Energy • Finance
Fidectus
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Overview

Zürich, Switzerland
About Fidectus

Fidectus revolutionizes energy trading post-deal processing. We connect market participants and provide them tools to optimize their working capital.

November 12, 2015. It is dark and cold outside. I am meeting Chris, a client of mine. We share multi-million successes in energy. After a nice dinner and a delicious desert, we talk about brokers and energy traders facing gaps in their cross-company post-trade process.
They experience 10x higher cost as investment banks, have 20-51 days extended credit risk exposure and billions of illiquid capital. But why?
Imagine exchanging tens-of-thousands of invoices for complex trading products with hundreds of your counterparties – every month. Imagine these being PDFs, Spreadsheets and Paper processed by Fax and Email. Imagine you need to reconcile before payments occur. Well, some disappear, are not paid, are wrong and disputed, but most importantly, it just takes long.
Having another desert, Chris and I have an idea. We can solve that problem and unlock new ways to help traders optimize their working capital.
The industry knows the issue for almost 20 years. They simply had higher priorities – High margins, reverse charge and regulatory reporting. Times have changed. We started our journey. I remember the best day of my consulting career: PwC approved funding our vision. Just 2 weeks later, we identified a conflict of interest. So we transferred all IP and started Fidectus. The best choice ever. We went commercially live in April 2020.
Here is how it works: We connect energy traders. They send us trade data. Our platform does the augmentation and reconciliation for them - cross-company and fully automated. We become the cogwheel in their process and unlock things they could not do before. They experience up to 90% cost savings. An average of 50% in credit risk reduction. And up to 90% of cash flows untied.
4 of the largest energy traders are anchor clients. We have a flow of 7bn USD in our platform.
How did we get there? The magic starts with our team. Imagine the odds of finding four credible personalities with 1) complementary skills, 2) a shared vision and 3) a joint passion. Fidectus is that team and company. Together with our world-class advisory board, we have over 175 years of experience in energy, trading and delivering enterprise software.
Our revenue is a function of Transactions-multiplied-by-a-fee-per-commodity. This results in a 3.4bn opportunity just in energy.
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Founders

Chris Sass
Admin
Chris Sass EVP Sales\Marketing Technical Sales Leader with a demonstrated history of succeeding in Telecommunications, Wireless, Cable MSO and Enterprise.
Jens Bartenschlager
Admin
Jens Bartenschlager CEO Visionary strategist and collaborating team builder with 15+ years extensive experience in energy, trading and IT, who is driven by success.
Matthias Raeck
Admin
Matthias Raeck Head of Operations Implementer and quantative stoic with 15+ years of experience in energy, modeling and M&A.
Michael Panson
Admin
Michael Panson CTO Broadly experienced hands-on technology leader – development, management, mentoring, team building, strategic planning and partnerships.
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Jobs

Senior Frontend Software Developer €100–130K
6
Java Software Developer €70–130K
11
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