Glasgow based fintech AccessFintech secures $60 million in Series C funding
AccessFintech, the leading Glasgow and London based fintech evolving the capital markets operating model through data and workflow collaboration, recently announced the successful completion of its $60 million Series C funding round.
The funding comes at the heels of rapid growth for the firm. Synergy, AccessFintechâ€™s data collaboration network for global financial institutions, has grown to include over 100 participants and expanded its asset class coverage to include derivatives and syndicated loans. It has also added to its securities offering by extending its lifecycle management through its new claims network and the launch of a ground-breaking predictive fails service.
AccessFintech has a growing presence in Scotland, employing 25 people since February 2020. The funding will help secure further growth in the office over the next period.
The Glasgow office is headed by Pardeep â€œParâ€ Cassells, Head of Securities and Claims Products. Par is responsible for opening and growing AccessFintechâ€™s office in Glasgow, where she has purposefully built a diverse team which includes 50% women (compared to an industry average of 12-14%) and 17% people with BAME background. Recruitment encourages both new graduates and women returning to their careers after a prolonged absence.
Par serves as a board member of Fintech Scotland. She leads the organizationâ€™s next-generation outreach and has given numerous talks to schools and universities, participated in panels, and worked to promote fintech in Scotland.
On the funding news, Par said, â€œOur funding is fantastic for AccessFintech and its growth trajectory in Scotland. The funding round will fuel our next stage of growth. Our vision is that data is the catalyst for innovation and growth, and we believe AccessFintech plays a critical role as an essential provider of trusted data governance infrastructure.â€