Lmrkts, a New York based fintech startup, raised a Series A financing of undisclosed amount.
Venture capital firm Motive Partners anchored the round.
The company intends to use the funds to continue to develop the platform and expand operations.
Led by Lucio Biase, CEO, and Hilary Park, CSO, Lmrkts provides portfolio multi lateral and dimensional compression by leveraging a structured methodology that drives down exposures and reduces costs for every participant in different asset classes.
The company achieves risk exposure reduction by focusing on the derivatives contracts that represent the highest cost to banks. Banks reconcile their counterparty exposures through the platform, and proprietary algorithms finds trades they may want to add or delete.
Have a look at how Lmrkts works here.
FinSMEs
20/01/2017