LiquidX, a global network for illiquid assets, announced on Monday it has secured a multi-year investment and expanded its partnership with global fintech Broadridge Financial (NYSE: BR).
LiquidX reported that through the partnership Broadridge will provide it with strategic operational services for payment processing, account reconciliation, back-up services, and global operational scalability. The collaboration will also see the duo contribute to additional strategic opportunities in line with LiquidX’s strategy of providing a holistic set of trade finance and working capital solutions.
Jim Toffey, CEO of LiquidX, shared more details about the partnership with Broadridge by stating:
“Broadridge plays a critical role in helping clients transform their businesses by enabling them to optimize efficiency, navigate risk and generate growth. Broadridge’s reliable scalable technology and data solutions help companies solve complex problems and achieve their goals.”
Chris Perry, President of Broadridge, went on to conclude:
“As a Broadridge-backed company, LiquidX will be able to leverage Broadridge’s size, scalability and resiliency and our continued investment in innovation to better help its customers with its advanced technology offerings like InBlock and LiquidX 360.”
Founded in 2016, LiquidX claims to be a leading global financial technology company that enables corporate finance professionals to transact faster, smarter, and cheaper by digitizing their treasury management and working capital functions.