Access Fintech Overview
AccessFintech is a financial technology company that provides a cloud-based platform for post-trade processing. The company's platform is used by banks, broker-dealers, and other financial institutions to automate the settlement of securities trades. AccessFintech's platform can help financial institutions save time and money, reduce the risk of errors, and improve customer service.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
AccessFintech raises $60 million from banking giants to expand data management network | CTech
AccessFintech, an Israeli startup, has raised $60 million in a Series C funding round led by WestCap. The funding round also saw participation from BNY Mellon, Bank of America, and existing investors Dawn Capital, J.P. Morgan, Goldman Sachs, and Citi Group. This brings the total capital raised by AccessFintech to $97 million since 2018. The companys data collaboration network, called Synergy, has expanded to include over 100 participants and now covers derivatives and syndicated loans. AccessFintech has also introduced new services such as a claims network and a predictive fails service. The funding will support the companys plans for significant expansion and entry into additional markets.
InvestmentExpand
Citi, J.P. Morgan and AccessFintech Achieve Operational Efficiencies Through Data and Workflow Collaboration
growth-positive
חברת AccessFintech גייסה 20 מיליון דולר
Israeli fintech company AccessFintech has raised $20 million in a Series B funding round led by Dawn Capital, with participation from Deutsche Bank, Citi, J.P. Morgan, and Goldman Sachs. The company, founded by Roy Saadon and Steve Fazio, has created a technological platform for sharing trade data among financial institutions. The platform aims to reduce risk exposure during transactions. The company has raised a total of $37 million to date. AccessFintechs platform processed approximately 350 million transactions globally in July alone.
Investment
JP Morgan extends partnership with AccessFintech - FinTech Futures
growth-positive
J.P. Morgan, Access FinTech Extend Partnership - Markets Media
AccessFintech has extended its partnership with J.P. Morgan to provide a real-time transaction status solution for buy-side clients. The solution aims to drive post-trade operational efficiencies by offering real-time transparency and workflow to buy-side institutions. It reduces the time spent by buy-side operations teams to monitor multiple internal tools and custodian portals, and eliminates the need for calling brokers and custodians for updates. The solution has been in bilateral testing and is now in the process of a global deployment. AccessFintech plans to extend the service to other custodians. The partnership aims to bring together all elements of the post-trade process in one consolidated view, enabling clients to have an accurate view of their portfolio and drive risk management in the settlement process.
Partners
| Sector | Fintech & Insurtech |
Funding
| Total funding | $99.5M |
| Last funding | $60M |
| Stage | C |
| Rounds | 4 |
| Investors | 12 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.accessfintech.com/ |
| Careers | Careers page |
Locations
Yigal Alon Street 114, Tel Aviv-Yafo, Israel
42-46 Princelet St, London E1 5LP, UK
220 St Vincent St, Glasgow G2 5SG, UK
122 Grand St, New York, NY 10013, USA
Photos & Videos
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