Financial technology firm AccessFintech recently closed a $60 million Series C funding round. Financial giants such as Bank of America and BNY Mellon participated in the investment round led by WestCap.

Since 2018, AccessFintech has secured a total of $97 million in funding. Financial technologies company plans to use the funds to expand its operations with a focus on expanding its shared data management network.

In addition to WestCap, Bank of America and BNY Mellon, Dawn Capital, JP Morgan, Goldman Sachs and Citi Group also participated in the latest $60 million investment round. Kevin Marcus and Caroline Butler will join AccessFintech’s board of directors.

Commenting on the funding round, Roy Saadon, CEO of AccessFintech, said: “We are fortunate to be fueling our next phase of growth with partners that bring together highly regarded venture capitalists and global strategic investors. We share the vision that data is the catalyst for innovation and growth, and the important role that AccessFintech plays as a critical provider of robust data management infrastructure. We are poised for a period of significant expansion and look forward to working with all of our investors as we expand into additional markets.”

In March 2022, Fabrice Carrier joined AccessFintech as head of the company’s derivatives line to support its growth.

Fintech Financing

Due to the recent slowdown in global financial markets, fintech funding in Europe and the UK declined in the first half of 2022. However, financial technology platforms such as Mesh Payments and Balance have secured decent funding over the past few months.

“We are very excited to support the growth and expansion of AccessFintech,” said Caroline Butler, CEO of BNY Mellon Custody. “The democratization of data between market participants reduces operational friction and associated costs and improves settlement, all of which are critical to our clients and the smooth functioning of capital markets. This latest strategic venture reinforces our commitment to partnering with leading fintechs and investing in new technologies to transform the asset servicing space as we strive to expand and support the digital ecosystem for clients.”

Financial technology firm AccessFintech recently closed a $60 million Series C funding round. Financial giants such as Bank of America and BNY Mellon participated in the investment round led by WestCap.

Since 2018, AccessFintech has secured a total of $97 million in funding. Financial technologies company plans to use the funds to expand its operations with a focus on expanding its shared data management network.

In addition to WestCap, Bank of America and BNY Mellon, Dawn Capital, JP Morgan, Goldman Sachs and Citi Group also participated in the latest $60 million investment round. Kevin Marcus and Caroline Butler will join AccessFintech’s board of directors.

Commenting on the funding round, Roy Saadon, CEO of AccessFintech, said: “We are fortunate to be fueling our next phase of growth with partners that bring together highly regarded venture capitalists and global strategic investors. We share the vision that data is the catalyst for innovation and growth, and the important role that AccessFintech plays as a critical provider of robust data management infrastructure. We are poised for a period of significant expansion and look forward to working with all of our investors as we expand into additional markets.”

In March 2022, Fabrice Carrier joined AccessFintech as head of the company’s derivatives line to support its growth.

Fintech Financing

Due to the recent slowdown in global financial markets, fintech funding in Europe and the UK declined in the first half of 2022. However, financial technology platforms such as Mesh Payments and Balance have secured decent funding over the past few months.

“We are very excited to support the growth and expansion of AccessFintech,” said Caroline Butler, CEO of BNY Mellon Custody. “The democratization of data between market participants reduces operational friction and associated costs and improves settlement, all of which are critical to our clients and the smooth functioning of capital markets. This latest strategic venture reinforces our commitment to partnering with leading fintechs and investing in new technologies to transform the asset servicing space as we strive to expand and support the digital ecosystem for clients.”

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