OpenFin said it raised $17 million in a Series C fundraising round led by Wells Fargo. Barclays also participated, as did existing investors JPMorgan, Pivot Investment Partners and Bain Capital also participated.
Below is the pitch deck that OpenFin used to drum up investor investor interest.
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OpenFin, which calls itself the operating system of finance, said Thursday that it had raised $17 million in its Series C fundraising round that was led by Wells Fargo, with participation from Barclays.
Designed to sit one layer above a computer’s native OS, OpenFin is a platform where software applications can be deployed safely, seamlessly, and quickly. It’s used by banks and asset managers to allow traders and portfolio managers to begin using a collection of apps in a way that begins to look and feel like the experience consumers have come to expect from their mobile devices.
“OpenFin is building the roads, bridges and communications infrastructure for financial apps that will allow capital markets to innovate like Silicon Valley,” Matt Harris at VC firm Bain Capital Ventures and an OpenFin board member said in a statement.
OpenFin plans to use its new money to hire more people and expand into new products and geographies. The round brings the total funds raised by OpenFin to $40 million. The company declined to disclose its valuation.
The software already powers 1,000 applications on 200,000 computer workstations across more than 1500 banks and investment managers.
Here’s the pitch deck that CEO and founder Mazy Dar used to raise his latest round of funding.
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Here you see OpenFin’s mission statement or catch phrase.
While serving …read more
Source:: Business Insider