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Financial technology company AccessFintech recently closed a $60 million Series C funding round. Led by WestCap, the investment round included participation from financial giants such as Bank of America and BNY Mellon.
Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech company plans to use the funds to expand its operations with a focus on expanding its joint 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, AccessFintech CEO Roy Saadon said: Said: We are fortunate to be able to drive the next phase of growth with our partner, a combination of highly regarded growth VCs and global strategic investors. We share the vision of being a catalyst and the key role AccessFintech plays as an essential provider of trusted data governance infrastructure.We are poised for a period of significant expansion and will continue to expand into additional markets. We look forward to working with all of our investors as we launch on.”
In March 2022, Fabrice Carrier joined AccessFintech as head of its derivatives product line, driving its growth.
Fintech funding across Europe and the UK has declined in the first half of 2022 due to the recent slowdown across global financial markets. However, financial technology platforms such as Mesh Payments and Balance have secured decent funding in the past few months.
Caroline Butler, Custody CEO of BNY Mellon, said: Democratizing data across market participants reduces operational friction and associated costs and improves settlements, all of which are critical to the smooth functioning of our customers and the capital markets. The strategic ventures aim to work with leading fintechs, reinforce our commitment to investing in emerging technologies to transform the wealth servicing sector, and expand and curate our clients’ digital ecosystems.”
Financial technology company AccessFintech recently closed a $60 million Series C funding round. Led by WestCap, the investment round included participation from financial giants such as Bank of America and BNY Mellon.
Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech company plans to use the funds to expand its operations with a focus on expanding its joint 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, AccessFintech CEO Roy Saadon said: Said: We are fortunate to be able to drive the next phase of growth with our partner, a combination of highly regarded growth VCs and global strategic investors. We share the vision of being a catalyst and the key role AccessFintech plays as an essential provider of trusted data governance infrastructure.We are poised for a period of significant expansion and will continue to expand into additional markets. We look forward to working with all of our investors as we launch on.”
In March 2022, Fabrice Carrier joined AccessFintech as head of its derivatives product line, driving its growth.
Fintech funding across Europe and the UK has declined in the first half of 2022 due to the recent slowdown across global financial markets. However, financial technology platforms such as Mesh Payments and Balance have secured decent funding in the past few months.
Caroline Butler, Custody CEO of BNY Mellon, said: Democratizing data across market participants reduces operational friction and associated costs and improves settlements, all of which are critical to the smooth functioning of our customers and the capital markets. The strategic ventures aim to work with leading fintechs, reinforce our commitment to investing in emerging technologies to transform the wealth servicing sector, and expand and curate our clients’ digital ecosystems.”
