Transcend, a NYC-based provider of business optimization solutions for financial firms, closed a $10m Series A financing.
The round was led by Nyca Partners.
The company intends to use the funds to scale product and sales infrastructure.
Led by Bimal Kadikar, CEO, Transcend is a provider of optimization solutions for collateralized businesses to a growing roster of banks and other financial institutions. The scalable technology works with a firm’s existing infrastructure to address specific business-level or enterprise-wide challenges.
The company has more than 75 employees globally.