MarketFactory, a B2B SaaS company providing a single API to all currency exchanges, received a strategic investment from Accel-KKR.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate expansion into new markets and services to currency traders globally.
Led by Darren Jer, CEO and Co-Founder, the company provides a low-latency cloud that connects foreign exchange traders with 85+ exchanges to maximize their access to liquidity. Via a low-latency cloud, the platform connects banks, brokers and funds to 85+ different ECNs, banks, brokers and exchanges while reducing customer latency and risk. MarketFactory is based in New York, London, and Singapore.
It is also backed by FirstMark Capital.