5 years ago

TransFICC Raises £5.75 Million in Series A Funding Led by AlbionVC

  • TransFICC, a UK-based provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has secured £5.75 million in Series A funding led by AlbionVC

  • The round also included new strategic investments from ING Ventures and HSBC, joining existing shareholders Citi, Illuminate Financial, Main Incubator (Commerzbank Group's R&D unit), and The FinLab

  • The investment will be used to expand product and market coverage for existing and new clients

  • TransFICC's platform provides connectivity to multiple trading venues while supporting various workflows across asset classes like Rates and Credit Bonds, and Interest Rate Swaps

  • The company aims to become the standard API gateway between banks and trading venues, addressing the need for automation, efficiency, and cost reduction in the evolving Fixed Income market structure.

      • ProblemFinancial Services

      "Banks and asset managers are demanding technology solutions which deliver automation and increased efficiency, but they also want a modern and flexible modular design. Legacy systems are expensive and inflexible."

      Solution

      "TransFICC provides a unified low-latency, robust and scalable API that connects to multiple trading venues and supports a variety of workflows across asset classes. This allows financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs."

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