Financial technology platform SRA Watchtower announced the completion of a new $4 million funding round, led by existing investors FINTOP Capital, JAM FINTOP, and EJF Capital.
This funding round reportedly follows “the acquisition of Lumio Insight, further supporting the company’s growth and expansion.”
This funding will build upon the recently “acquired Lumio Insight application suite with its advanced data management and analytics capabilities to create AI-powered ‘Risk Insights’.”
The integration of these technologies will streamline and “automate data ingestion into Watchtower’s risk engine, enabling transformative reporting and configurable dashboards that deliver actionable insights.”
As noted in the update, SRA Watchtower is a provider of risk management and financial insight solutions, “serving the financial services industry and beyond.”
Their suite of proprietary technology solutions and methodologies was built “by risk pros for risk pros” and designed to help customers optimize risk to accelerate growth. Watchtower, The Holistic Risk and Business Intelligence Platform “provides practitioners, executives, and the Board with a timely, panoramic view of risk, enhanced by AI-powered data analytics, to make risk-informed decisions.”
As mentioned in the announcement, FINTOP Capital is a venture firm focused on early-stage, B2B fintech companies.
With $700+ MM in committed capital “across five funds, the team has decades of industry experience as entrepreneurs, operators, & investors. FINTOP partners invest in experienced founders and products changing the way financial institutions, businesses, and their customers interact with money.”
As stated in a release, JAM FINTOP is a joint venture “between JAM Special Opportunity Ventures and FINTOP Capital.”
The partnership brings together bank professionals as well as seasoned fintech entrepreneurs. 90+ banks with “$1.3 T in combined assets are investors in JAM FINTOP funds.”
EJF Capital LLC is a global alternative asset management firm focused primarily “on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional office in London.”
EJF manages approximately $5.4 billion of private equity assets, hedge fund assets, and separately managed accounts, which “includes $2.9 billion of CDO assets through its affiliates.”
EJF’s approach combines investment expertise “across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets.”