Transficc has raised £5.7mn in its Series A round.
In Brief:
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This was led by Albion VC as well as ING and HSBC.
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Existing investors include Citi, as well as Commerzbank’s R&D unit, Main Incubator.
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TRansFicc provides banks and asset managers with an API that connects trading venues.
What does this mean?
The company works with global investment banks: at the moment it’s been closely involved with Citi as it has office space with the bank and works with its teams, but it says with the new funding it will improve its offering for both “new and existing” clients.
