Finbourne Technology, a London, UK-based fintech company that provides investment management solutions and a cloud-native data management platform, raised £55M in Series B funding.
The round was led by Highland Europe and AXA Venture Partners (AVP).
The company intends to use the funds to expand its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.
Led by CEO Thomas McHugh, Finbourne provides solutions delivering an interconnected network of functionality and data that enables the investment community to serve clients in an evolving market, Across the investment lifecycle, investment and operations teams can increase revenue, reduce costs and better manage risk. FINBOURNE’s portfolio of products is built upon an interoperable and scalable data management platform. Its SaaS-based LUSID platform delivers front-to-back functionality across portfolio management, fund accounting, order management, compliance and more. It allows for the democratisation of data with entitlements, lineage and utilisation metrics embedded. In addition, the network of data and functions available to AI and ML programming ecosystems can transform the operating model for clients, readying them for the coming wave of AI-driven efficiencies.
With operations in North America, the UK and Europe, Asia and Australia, the company serves financial services firms, including Fidelity International, London Stock Exchange Group, Baillie Gifford and Northern Trust.
FinSMEs
18/06/2024