Citi is a prominent banking partner providing cross-border financial products, wealth management, and institutional services across more than 180 countries.
Existing investors including BNP Paribas and J.P. Morgan backed the growth round.
"Inefficiencies in the proxy voting system have led to both issuers and investors, the crucial end users in the process, being disenfranchised with their experience, and Proxymity was founded to radically improve the process for everyone in the ecosystem radically, ensuring access to real-time data, full transparency of voting status and activity and regulatory compliance."
Leading US and UK banks back the financial data standardization platform to modernise business lending.
"This strategic investment from two of the world’s leading banks validates our vision of making standardized accounting data the cornerstone of modern lending."
The oversubscribed round was anchored by IP Group, Parkwalk Advisors, and AlbionVC.
"There is a massive market opportunity for start-ups that figure out how to harness the potential of AI to transform how software gets built, tested, and deployed. Our investment in the company reflects our belief in its potential to be an important player in the next generation of AI-powered software development tools."
The financing round includes participation from GSR Ventures and Citi to fund international expansion and product rollout.
"A new investment of this size, which comes from a mixture of VC funds and global banks, is a testament to the demand for and success of Abound and Render. It speaks to the confidence investors have in our business to keep growing and in our AI-powered technology to continue transforming consumer credit."
The oversubscribed round was backed by Fidelity International Strategic Ventures, Portage, State Street Corporation and Citi.
