TransFicc secures £5.8m Series A investment led by AlbionVC, ING Ventures and HSBC
AlbionVC led the Series A round with participation from ING Ventures and HSBC.
TransFICC provides low-latency connectivity and workflow services for fixed income and derivatives markets. The firm offers a unified application programming interface that connects financial institutions to multiple trading venues.
TransFicc has secured £5.8m in a Series A funding round led by AlbionVC. The raise included new strategic investments from ING Ventures and HSBC, alongside participation from existing backers.
Proceeds from the financing will be directed towards extending product and market coverage for current and prospective clients. The company addresses market fragmentation in fixed income and derivatives trading by providing banks and asset managers with a unified connectivity platform.
The business counts several global investment banks among its existing clients. The latest capital injection follows earlier backing from institutional investors and corporate venture arms.
From the founder
"Banks and asset managers are demanding technology solutions which deliver automation and increased efficiency, but they also want a modern and flexible modular design"
Steve Toland
Founder at TransFICC
Investor perspective
"We believe TransFICC has a huge opportunity to become the defacto standard API gateway between banks and trading venues. This view is supported by TransFICC’s five banking clients and an extensive prospect pipeline"
Robert Whitby-Smith
Partner, Albion
Use of funds
- 01Continue product development
