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This Fintech Platform Just Got $15 Million From Some Of Wall Street's Biggest VCs

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This Fintech Platform Just Got $15 Million From Some Of Wall Street's Biggest VCs

OpenFin, a fintech company that describes itself as the financial industry's first common operating layer, enabling rapid and secure deployment, native experience and desktop interoperability.

The New York-based company counts some of the world's largest banks and trading platforms as its clients that use OpenFin to deploy desktop applications in-house and to their buy-side and sell-side customers.

On Thursday, the company announced a successful Series B financing round. OpenFin raised $15 million from some of the world's most notable fintech investors, including Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, NEX Group's fintech investment business Euclid Opportunities, Nyca Partners, Pivot Investment Partners and a group of angel investors and financial industry executives.

Related Link: How Does A Fintech CEO Plan His Day To Disrupt The Wealth Management Industry?

OpenFin has raised $4 million in a Series A funding round, led by Bain Capital Ventures back in April 2014. It started with $3 million in angle investments in 2011.

"'Move fast and break things' became the mantra of Silicon Valley years ago and created a mindset that has accelerated an extremely profitable consumer software boom - and now we're bringing it to Wall Street," Mazy Dar, OpenFin's co-founder and CEO said in the company's press release. "Our mantra at OpenFin is: 'Move fast. Break nothing.' Our operating environment brings the same rapid innovation cycle to change-resistant capital markets without sacrificing the security and stability of these mission-critical systems."

If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Global Fintech Awards is the event for you. From its first year in 2015, the competition grew to over 250 applicants and over 500 attendees in 2016.

Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word!

Posted-In: Bain Capital Ventures Mazy Dar OpenFinFintech News Financing Best of Benzinga

 

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