Sharegain, an Israeli fintech infrastructure startup, has raised $64 million in a Series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. This constitutes the largest series B to date in the securities lending industry and Sharegain declares that this cements the company’s position as a leading capital markets infrastructure player and is a testament to the robustness of Sharegain’s technology, which has already been adopted by leading global banks.
Founded in 2015, Sharegain offers a securities lending and capital markets infrastructure FinTech. Sharegain says that the company is democratizing the $3 trillion securities lending market through its Securities Lending as a Services (SLaaS) solution, which “empowers every investor with income generating solutions that were previously restricted to big financial institutions.”
Sharegain boasts that its end-to-end digital solution combines full control and transparency with minimal overheads or up-front costs, enabling online brokers, private banks, asset managers and custodians to lend their stocks, bonds and ETFs, and generate additional revenue for their own business and their clients.
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“We are thrilled that WestCap, Citi, EJF Capital LLC and Optiver PSI are joining our existing shareholders on our mission to democratize securities lending”, said Boaz Yaari, Founder and CEO of Sharegain. “We believe that lending your stocks, bonds and ETFs is a basic ownership right that should be made available to all. As private investor participation increases in capital markets, we are leveling the playing field so that private investors, through their brokers and banks, can benefit from income generating solutions that have been largely restricted to big financial institutions. We are humbled by this vote of confidence from such a strong group of investors. This partnership enables us to accelerate our global growth plans and scale, expand our offering faster and realize our vision of opening up securities lending to every investor worldwide.”