Bank Platform OpenFin Raises $35 Million Series D

OpenFin has raised $35 million in Series D funding during a difficult environment.  The company did not share the valuation of the funding round.

OpenFin said the round was led by Bank of America, with “significant” participation from Pivot Investment Partners and ING Ventures.

Additional investors include CME Ventures, CTC Venture Capital, SC Ventures, and Tribeca Early Stage Partners.

OpenFin said the additional money will be used to accelerate the usage of OpenFin OS, which is now utilized by over 3800 banks, wealth management firms and more. OpenFin services companies globally, with its product in use in over 60 countries.

OpenFin pointed to the rapid growth of OpenFin Workspace, a visual user interface that simplifies interactions.

Mazy Dar, CEO of OpenFin, described the funding round as a “significant milestone” as it aims to transform the experience for financial services firms.

“We’re delighted to welcome Bank of America as our newest strategic investor and we’re grateful for the continued support from Pivot Investment Partners and so many other existing investors.”

Pivot Investment Partners co-founder and Managing Partner Dinkar Jetley, said they have backed OpenFin’s vision since 2015 and are delighted to support the company as they grow.

Last year, OpenFin announced its expansion into the government sector via a partnership and investment from In-Q-Tel (IQT).


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