ING Ventures is the venture capital arm of ING, making minority investments in disruptive technology companies that align with the bank's strategic interests.
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,"
Nyca Partners led the Series C round, which values the business at over $1bn and includes backing from several major global banks.
"We are delighted to have earned the support of our new and existing investors as we continue to move the world’s leading banks into the cloud. We set out to eradicate legacy technology from the industry and ensure that all banks deployed on Vault can succeed and deliver on their ambitions. These new funds will accelerate the delivery of Vault into banks around the world who wish to implement their future vision of financial services."
ING Ventures and Surplus Invest have backed rent roll data platform PRODA in a funding round totalling roughly £3.4m.
"Our investment in PRODA, is evidence of our commitment to deliver best in class services across ING. By leveraging the technology of PRODA, ING can help to significantly reduce the administrative burden that rent roll management is for many clients. In addition, PRODA’s technology lets us realise efficiencies in our reporting towards regulators."
The funding round was led by HSBC and ING to fuel international growth.
"The retail finance market is in a period of exponential growth, expected to hit $2.5 trillion next year. This provides banks with the opportunity to increase lending revenue, diversify their portfolio and neutralise the threat from new entrants."
The seed round was led by Outward with participation from ING Ventures and Triple Point Ventures.
"The key to delivering the best value for clients is to fully integrate data, security and operations in a single application through DataSecOps. This investment from leading venture capital firms, including one of our major banking clients, is a validation of what eXate has achieved to date and provides a solid foundation to bring the value of DataSecOps to a larger audience of data-driven organisations."
