Standard Chartered’s SC Ventures Makes Strategic Investment in OpenFin

OpenFin, the operating system (OS) of finance, announced on Wednesday it secured a strategic investment from SC Ventures, the innovation, fintech investment and ventures arm of international banking group, Standard Chartered. According to OpenFin, the investment’s funds will accelerate new product development and brings OpenFin’s total funding to date to $50 million.

Founded in 2010, OpenFin claims to be the financial industry’s operating system, enabling rapid and secure deployment, native experience and desktop interoperability.

“Used by the largest industry players through to the newest of FinTech innovators, OpenFin deploys more than 1,000 desktop applications to more than 1500 buy-side and sell-side firms. OpenFin investors include Bain Capital Ventures, DRW Venture Capital, NEX Euclid Opportunities, J.P. Morgan, NYCA Partners, and Pivot Investment Partners among others.”

Speaking about the investment, Alex Manson of SC Ventures, stated:

“In the financial services workplace of the future, employees need increasingly specific tools to collaborate and serve clients effectively. We are thrilled to partner with OpenFin as they create such an environment, allowing for personalized design of the workspace and hence transforming the way we think of how conventional financial markets applications are delivered to the user.”

Mazy Dar, Co-Founder and CEO of OpenFin, added:

“We are incredibly excited to welcome Standard Chartered as a customer and investor. The pace of innovation at such a large financial institution has been truly astounding. We look forward to a close collaboration as we work to modernize the industry’s app infrastructure.”

OpenFin added that the latest round of funding will be used to expand OpenFin’s product and engineering teams focused on building new user interface components of OpenFin OS, including OpenFin’s new desktop-wide Notification Center.

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