Finomial, a Boston, MA-based global Compliant Client Lifecycle Management platform provider, received a strategic equity investment from Silver 8 Capital.
The amount of the deal was not disclosed. As part of the round, Silver 8’s Jose Suarez and Jorge de Mello will be joining Finomial’s Board of Directors.
The company intends to use the funds to expand its presence globally in existing and new markets, including asset managers, private banks and wealth managers, commercial and investment banks, as well as fintechs, including alternative banks and crypto asset platforms.
Led by Meredith Moss, CEO, Finomial provides a SaaS Compliant Client Lifecycle Management platform that supports clients across $540 billion in assets, with over 450 funds to ensure every interaction achieves client regulatory compliance.
In a single integrated platform, the solution automates client onboarding, KYC, AML, FATCA, and CRS, while improving the client experience.
FinSMEs
07/02/2018