Planixs, a Manchester, UK-based fintech company, has secured an initial £3.5m minority equity investment from BGF.
The company will use the funds to expand its global customer base, accelerate product development and support recruitment across the business.
Founded in 2011 by CEO Neville Roberts, Planixs is a provider of analytical, forecasting and modelling software solutions across multiple industries including Financial Services and Human Capital Management.
The company works with global financial institutions such as Lloyds Banking Group, Barclays and Zenith Bank to provide Realiti®, a cloud-based and on premise technology solution suite delivering real-time intraday cash, collateral and liquidity management capabilities to the financial services industry.
Realiti® allows firms to comply with global BCBS248 regulatory requirements including stress modelling (incorporating UK PRA, FED and European Banking Authority regulations), using its scalable business intelligence, optimization and analytics technology platform Graphite which can work with any legacy systems. Realiti also drives operational savings and improves risk management for banks, financial institutions and large corporates including reducing expensive liquidity buffers.
FinSMEs
26/02/2019