Citi, HSBC invest in Spark Systems

May 18, 2020 | FinTech

Written by FinTech Alliance

Citi, HSBC invest in Spark Systems

Citi and HSBC have joined a $10.5mn funding round in FX marketplace Spark.

In Brief:

  • Other investors included OSK Ventures, Goldman Sachs and Jubilee Capital.

  • Spark offers low latency foreign exchange trading technology.

  • The FinTech is based in Singapore and is a grant recipient under MAS.

What does this mean?

Spark Systems will use the funding to develop its in-house technology. It also intends to expand its geographic footprint, and is focusing on financial centres including New York and London.

Read more here.

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