Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Saphyre completes Series A round to accelerate pre-trade and post-trade product development
Technology news

Saphyre completes Series A round to accelerate pre-trade and post-trade product development


22 March 2022 US France
Reporter: Jenna Lomax

Generic business image for news article
Image: AdobeStock/metamorworks
Fintech company Saphyre has completed a Series A funding round of US $18.7 million which will be used to accelerate Saphyre’s product development initiatives in its pre- and post-trade solutions.

The funding, which was led by HCAP Partners, will also support Saphyre ongoing expansion of interoperability initiatives with other fintechs and vendor solutions.

Global banks J.P. Morgan and BNP Paribas also participated in Saphyre’s Series A funding round.

Saphyre’s artificial intelligence-powered platform enables direct collaboration between multiple financial parties related to the same client.

The platform digitises all pre-trade data and documents, eliminating redundant manual processes and allowing for secure access to data throughout the trade lifecycle.

Established in 2017, Saphyre has since received 104 issued patents and has been integrated with seven different platforms as part of its interoperability design.

Gabino Roche, CEO and founder of Saphyre, says: “It is an honour to be strategically supported by HCAP, J.P. Morgan and BNP Paribas. This funding will accelerate the rollout of our firm’s offerings and ability to further prove that, in leveraging Saphyre’s patented technology in pre-trade wins, you instantly gain post-trade competitive advantages as well as operational benefits.â€

Naveen TV, managing director of J.P. Morgan’s securities services, comments: “J.P. Morgan was an early adopter of Saphyre and we are delighted to continue supporting them on their journey to create a market-leading onboarding workflow.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ J.P. Morgan
→ BNP Paribas

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →