AccessFintech, an Israeli fintech startup that offers services in and workflow collaboration, completed its $60 million Series C funding round which was led by WestCap. The company’s latest funding round follows a $20 million Series B and brings the total capital raised to $97 million since 2018.
Fintech applies to just about anything that has to do with new technology based financial services. And fintech firms are still bringing in the big bucks in spite of the global crisis in the markets. For example, also in September the Israeli fintech startup and unicorn Fireblocks revealed that it expects to bring in $100 million in revenue this year.
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Founded in 2016, AccessFintech declares itself a fintech company that brings self-service, transparency, risk mutualization and more efficient supply-chain management to the global financial services industry. Its platform lets financial firms minimize risks during trades. AccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry’s operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides more visibility into transaction data and access to benchmarking insights.
Synergy’s workflow optimization, boasts AccessFintech, speeds and simplifies transactions through digital automation, mutualizes risk, and allows for better, more enlightened decision-making across organizations and functions. It also offers broad technology distribution that provides industry-wide connectivity to new technologies, reducing the cost of ownership for all. The Synergy Network has built a critical mass of data, participants and solutions with leading financial institutions and processes over a billion transactions every month.
Roy Saadon, CEO, AccessFintech, said, “We are fortunate to fuel our next stage of growth with partners that combine a highly regarded growth VC and global strategic investors. We share the vision of data being the catalyst for innovation and growth and the critical role AccessFintech plays as an essential provider of trusted data governance infrastructure. We are poised for a period of significant expansion and look forward to working with all our investors as we launch in additional markets.”