OpenGamma raises £15.5m in a Series F funding round led by Allianz X to expand its offerings
Allianz X led the investment alongside existing backers to support business growth and service expansion.
OpenGamma provides margin analytics software to help financial market participants improve capital efficiency in derivatives transactions. The London-based firm serves institutional clients with quantitative tools for collateral management.
OpenGamma has secured £15.5m in a Series F funding round led by Allianz X, with participation from existing investors. The London-based fintech will direct the capital toward expanding its product offering and scaling operations.
The company provides margin analytics software designed to help asset managers and other financial institutions optimise collateral management in derivative transactions. Existing backers include PIMCO alongside several venture capital firms.
The fresh capital arrives as regulatory pressures prompt financial firms to scrutinise cash and collateral processes. OpenGamma intends to deploy the funds to launch automated workflow solutions for treasury management.
From the founder
"Inefficiencies in legacy processes are quietly increasing the cost of doing business for all asset managers, at a time when every dollar counts."
Peter Rippon
CEO at OpenGamma
Investor perspective
"OpenGamma’s solutions are a small revolution for many investors and asset managers"
Kevin Harder
Manager, Allianz X
Use of funds
- 01Continue product development
- 02Scale operations
