Wematch.live

growth-positive

Israeli fintech company WeMatch has completed a $19.5 million Series B funding round led by DB1 Ventures. The funding round included investors such as Augmentum Fintech PLC, Illuminate Financial, and existing shareholder J.P. Morgan. WeMatch develops web-based solutions to automate trading workflows for the wholesale derivatives industry. The company has onboarded 40 banks and 17 fund managers, with over $1 trillion matched to date. The investment from DB1 Ventures and other investors will strengthen the partnership between WeMatch and Deutsche Börse, providing access to liquidity pools and facilitating further growth for both firms.

growth-positive

JP Morgan and Societe Generale have invested in fintech firm, Wematch, as the company advances its plans to transform traditionally voice-traded financial markets. Wematch provides technology which augments how traders at banks match, negotiate and manage trades. The funding takes J.P. Morgan’s and Societe Generale’s relationship with Wematch from users to investors, with the banks already active on Wematch across all existing platforms. Wematch aims to have a significant impact on the bottom line expenses of Financial Institutions by rolling out its technology on all markets. The article discusses the growth and benefits of e-trading, as well as the potential for Wematch to help the capital market industry in adopting digital solutions. The date of the event described in the article is not provided.

growth-positive

Wematch, a provider of web-based matching and negotiation tools for traders, plans to expand across products, asset classes, and geographies. The company aims to integrate technology into the trading space to improve efficiency and cost savings. Wematch offers a customizable web-based user interface for any asset class, providing workflow and audit tools. They recently added euro interest rate swaps as a new product and are onboarding more banks. Wematch has been selected by JP Morgan and Societe Generale for their fintech programs. The company plans to add new interest rate swaps and currencies, expand across asset classes, and open a US office in the next 12 months.

growth-positive

Wematch, a global multi-asset-class, web-based matching and negotiation platform, has added Euro Interest Rates Swaps (IRS) to its product offering. The addition of Euro IRS expands the platforms portfolio of instruments and provides enhanced tools and workflow for sell-side human traders. Wematch plans to release new instruments on a rolling monthly basis, with input from banks. The platform aims to improve the matching and negotiation process for Interest Rate Swaps, a large and liquid financial market. Wematch has seen strong growth in bank usage and connectivity, and it is working closely with banks to enhance the management of IRS products.