CloudMargin, a London, UK-based creator of a collateral and margin management solution native to the cloud, closed on its largest funding round to date, bringing in $15m in a Series B capital raise.
Primary investors were Deutsche Börse, along with Tier-1 global investment banks and current clients Deutsche Bank and Citi. Since the company’s inception in 2014, CloudMargin has raised $35m through equity issuance, with investors including IHS Markit, Jefferies and Illuminate Financial.
The funds will be used to further innovate the platform and technological capability to deliver an enhanced product and service for clients and partners. In addition, the firm intends to expand its sales and client service capabilities in the U.S. and Asia.
CloudMargin provides a cloud-based collateral management workflow tool for sell-side and buy-side financial institutions globally – including brokerage firms, banks, asset management firms, pension funds and insurance companies – as well as outsourcers and other technology firms meet time-critical regulatory deadlines and reduce costs associated with collateral requirements. With more than 20 integration partnerships, the company is a collateral management solution provider member of the SWIFT network, facilitating processing through settlement.