T-Rex, a New York, NY-based analytics and data solution for complex investments, raised a new funding round of undisclosed amount.
The round was led by Citi (NYSE: C), the Westly Group, and Viola Fintech, with participation from innogy (ETR: IGY) and Macquarie Capital. Concurrently with the investment, Prof. Daniel Tsiddon, founder and general partner at Viola Fintech, joined the Board, along with fintech entrepreneur Tim Wang, Principal at Westly.
The company intends to use the funds to accelerate expansion of its enterprise data management service and analytics platform for institutional investors, banks, and asset originators across alternative markets.
Founded in 2012 by CEO Benjamin Cohen, T-Rex is a financial services software technology company that specializes in valuation, risk analysis, and structuring tools to unlock investment opportunities for various asset classes. By using its cloud-based platform, investors, asset managers, and developers can finance, securitize, and manage their assets reduce operating and capital expense, and risk exposure, and enhance performance for complex investments.
The company has developed partnerships with some of the leading investment banking institutions.