Steven brings extensive corporate coverage and relationship management experience from his long tenure at HSBC. He currently leads large corporate coverage for the North and Scotland.
Steve oversees large corporate coverage for the North and Scotland at HSBC. He has spent his career at the bank in various commercial and relationship management roles.
Will Rix
Will serves as a partner and head of debt advisory for regions at EY, following a decade at HSBC.
Jake brings experience in leveraged finance and corporate banking from roles at HSBC and Beechbrook Capital. He currently serves as a director at HSBC.
Jane serves as managing director at Liberum Health and Alter Domus, alongside board roles at the London Women's Forum, the Royal Academy of Dance, and The Circle NGO. Her background includes heading global custody for HSBC Securities Services.
The financing values the decision intelligence provider at $2.6bn and was led by Teachers Venture Growth.
"Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionising how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders, making a global difference. Quantexa’s impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We’re excited to support Vishal, and his world-class team scale the company internationally, as they continue helping industry-leading organisations embrace AI-driven decision-making with confidence."
— Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA
Existing shareholders provided the convertible debt as part of a wider £20m funding package to support the company towards profitability.
"I’m delighted to announce this funding round, including £12.5 million from HSBC, which follows another exciting and fast paced year for Yoti. We’re growing quickly and this £20 million funding should comfortably see us through to profitability."
The funding round was supported by existing backers Ada Ventures and Maersk alongside lenders HSBC and Blackrock.
"Despite a challenging fundraising environment, the latest investment round is a testament to the confidence our investors have in our long-term vision and strategy. Our team has worked incredibly hard over the last 12 months to maintain our growth trajectory despite a poor macro outlook for eCommerce, introducing new services, like introducing automation for Enterprise clients, to enhance our customers’ experience and sustain our mission to revolutionise, simplify and transform eCommerce fulfilment."
GIC led the Series E round, which values the decision intelligence provider at $1.8bn.
"After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future."
The funding extension will support team growth, venue connectivity, and new product development.
"As banks and asset managers focus on automating trading workflows to deliver increased efficiency, TransFICC’s ‘One API’ has been implemented at some of the largest Fixed Income trading banks and Exchanges,"
