UK-based fintech AccessFintech recently announced it secured $20 million through its Series B investment round, which was led by Dawn Capital, with participation from J.P. Morgan, Citi, Goldman Sachs, and Deutsche Bank. The round brings AccessFintech’s total capital raised to date to $37 million since 2018.
Founded in 2016, AccessFintech describes itself as a risk management service for banks and bayside firms. The company helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems.
“AccessFintech brings together fintech providers and in-house technology, orchestrating the interaction of the distributed providers and creating a single visual display of the risk of financial transactions in a global sharable view.”
Since launch, AccessFintech reported it has gone live with five financial products and is in proof-of-concept or live testing with another 11 products. Commenting on the investment, CEO of AccessFintech, Roy Saadon stated:
“Over the past two years our mission to evolve the financial industry operating model has gained significant traction and it is testament to the energy and skill of our team, the support of our clients and our wider network that we have reached this important milestone. We are thrilled to partner with a firm of the calibre of Dawn Capital who have an exceptional track record in working with fast growing companies in the fintech sector and who fully support our strategy.”
The company is planning to use the proceeds of the investment to fuel the next stage of its development, to accelerate product innovation, and to continue its go-to-market expansion and extend its partner ecosystem.