AccessFintech, a Tel Aviv, Israel- London, and Glasgow, UK- and New York-based fintech company evolving the capital markets operating model through data and workflow collaboration, raised $60M in Series C funding.
The round, which brought the total capital raised to $97m since 2018, was led by WestCap, BNY Mellon and Bank of America, with further participation from Series B investors Dawn Capital, J.P. Morgan, Goldman Sachs and Citi Group. AccessFintech’s Board of Directors will be joined by Kevin Marcus, Partner at WestCap and former President of Ipreo, and Caroline Butler, Global Head of Custody at BNY Mellon.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Roy Saadon, AccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry’s operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides visibility into transaction data and access to benchmarking insights.
Synergy, AccessFintech’s data collaboration network, has grown to include over 100 participants and expanded its asset class coverage to include derivatives and syndicated loans. It has also added to its securities offering by extending its lifecycle management through its new claims network and the launch of a ground-breaking predictive fails service. The Synergy Network leverages a cloud-based approach to data custody and management to reduce transactions costs and compress fees through collaboration and accelerated workflows, and helps organisations meet regulatory requirements. It is used by a growing number of leading global banks and broker-dealers, custodians, and asset managers.
FinSMEs
22/09/2022