T-REX Group, Inc., a New York, NY-based financial services technology company, raised $10m in Series B funding.
The round was led by Safeguard Scientifics (NYSE:SFE) with $6 million, with participation from existing investor Ecosystem Integrity Fund (EIF). Approximately $3m of the round has been earmarked for strategic investors. In conjunction with the funding, Tina Aufiero, Managing Director at Safeguard, will join T-REX’s Board of Directors.
The company intends to use the proceeds to expand product capabilities and scale its client development team.
Founded in 2012 by CEO Benjamin Cohen, T-REX provides investors, asset managers, and developers with an enterprise SaaS-based analytics, risk, and portfolio management platform to efficiently finance, securitize, and manage their assets.
End users include such financial organizations as Morningstar Credit Ratings and Renovate America, among others.
FinSMEs
17/11/2016