The investment round was backed by a consortium of major financial institutions including BNY Mellon, Citi, and Computershare.
"We’re delighted to announce this successful round of fundraising, both in terms of the confidence our investors have shown in us, and in accessing new funds to fuel our significant global momentum. We continue to work closely with all our founding consortium members, and together, the Proxymity team is delivering on our vision, changing the industry ecosystem for the better."
DWS joins an investor syndicate led by Chrysalis Investments to back the retirement technology provider.
"We are looking forward to delivering on the opportunity to work with an innovative retiretech disruptor that is fast-growing and well-placed to compete both in the UK and global retirement market. Increasingly, defined contribution savers are seeking to diversify their returns across a broader range of asset classes, and we believe that DWS’ asset management capabilities across both private and listed markets means that we are ideally placed to meet their evolving needs"
— Dirk Goergen, Member of the Executive Board and Head of Client Coverage Division
J.P. Morgan takes a strategic stake in the payments technology provider to support its global expansion and platform development.
"We will benefit greatly from the scale and insight of a global banking leader and one of the most visionary technology companies in the world, with the flexibility and independence to pursue our innovation and growth roadmap"
Dawn Capital led the funding round, with participation from major banking institutions including Deutsche Bank, J.P. Morgan, Citi, and Goldman Sachs.
"We have been proud supporters of AccessFintech since their origins in our In Residence programme and are pleased to support the next stage of their growth."
— Richard Gordon, Global Head of Securities Services Operations
The strategic funding round was backed by eight major financial institutions including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.
"We’re extremely proud of what Proxymity has achieved so far within Citi since we developed the platform in 2017. To date, Proxymity has supported over 3,000 shareholder meetings and, after successful pilots, we’ve fully launched the platform in the UK, Germany, The Netherlands, Belgium, Austria, and Australia, as well as a pilot in Spain,"
