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.