FINBOURNE Technology has secured a significant milestone with a €65 million Series B funding round led by Highland Europe and AVP, underscoring its pivotal role in revolutionizing investment management solutions worldwide. Following on from a successful £15 million Series A round in 2021, this latest infusion of capital will propel FINBOURNE into its next phase of growth, enhancing its global footprint across key markets including the US, UK, Ireland, Singapore, and Australia.
At the core of FINBOURNE’s success lies its cloud-native data management platform, revered for its seamless integration across the investment lifecycle. Catering to asset managers, alternative asset managers, asset owners, and servicers alike, FINBOURNE empowers these entities with unparalleled insight, operational efficiency, and scalability. By consolidating financial data into a unified view spanning front, middle, and back-office functions, FINBOURNE enables clients to bolster revenues, trim costs, and fortify risk management strategies.
Thomas McHugh, CEO and Co-founder of FINBOURNE Technology, expressed enthusiasm about the funding’s implications: “This investment signifies a pivotal moment for us to enhance our go-to-market strategies. With expanded resources, we are poised to serve a broader spectrum of global clients, ensuring they harness a consolidated and trusted data environment crucial for navigating today’s dynamic financial landscape.”
Central to FINBOURNE’s portfolio is the LUSID platform, a SaaS-based solution renowned for its comprehensive suite of functionalities—from portfolio management and fund accounting to order management and compliance. This platform not only democratizes data access but also integrates entitlements, lineage, and utilization metrics, empowering AI and ML ecosystems to drive transformative efficiencies.
The company’s recent client wins underscore its growing influence in the investment management, banking, and capital markets sectors, with notable partnerships established with industry leaders such as Northern Trust, Omba Advisory, and the Pension Insurance Corporation (PIC).
Tony Zappala of Highland Europe praised FINBOURNE’s transformative impact, stating, “FINBOURNE’s SaaS platform represents a quantum leap from traditional, siloed solutions, offering real-time visibility and enabling optimal decision-making for the world’s largest financial institutions. We eagerly anticipate supporting FINBOURNE as it scales operations globally, delivering substantial cost efficiencies and operational enhancements.”
Imran Akram from AVP echoed this sentiment, emphasizing FINBOURNE’s pioneering approach in integrating investment data across diverse asset classes into a unified platform. “This capability is a game-changer, especially in the context of advancing AI technologies. We are thrilled to partner with FINBOURNE as they expand their product suite and extend its benefits to a broader spectrum of financial services customers.”
In conclusion, FINBOURNE Technology’s latest funding milestone not only cements its leadership in the investment management solutions arena but also heralds a new era of innovation and operational excellence in global financial services.
Source: Financial Insights Today
