In the complex world of derivatives reporting, one fintech startup is accelerating its global ambitions with a fresh infusion of capital. KOR, a US-based innovator focused on trade and transaction reporting technology, has closed a significant Series B funding round led by Macquarie Capital Venture Capital, alongside continued backing from existing investor Mosaik Partners.
This latest round marks a pivotal moment for KOR, underscoring growing investor confidence in its mission to untangle the increasingly intricate web of compliance obligations that shadow global derivatives and capital markets. Founded in 2021, KOR has rapidly emerged as a specialist offering tailored, high-performance reporting solutions designed to meet the exacting demands of regulators and market participants worldwide.
With the Series B proceeds, KOR plans to accelerate innovation on its platform, scale operations, and broaden its coverage of global regulatory regimes. The company’s footprint now spans the US, Canada, UK, EU, and Asia-Pacific — a testament to its rapidly growing adoption among tier-one banks, asset managers, and trading platforms. As Jonathan Thursby, KOR’s founder and CEO, puts it, “This funding is a strong validation of the progress our team has made in delivering unique, highly differentiated, trusted, high-performance reporting solutions. We’re excited to accelerate our growth and extension of the most advanced trade reporting platform through our partnership with Macquarie Capital Venture Capital.”
KOR’s platform distinguishes itself by combining regulatory domain expertise with sophisticated engineering, offering users accuracy, operational transparency, and control amid ever-evolving compliance landscapes. Its modular, user-centric design enables market participants to efficiently meet reporting mandates without sacrificing clarity or flexibility — an increasingly valuable proposition as global reporting requirements become more fragmented and complex.
The capital raise will also fuel expansion of KOR’s engineering and client success teams and enable deeper investment in advanced reporting capabilities. This move positions the company not just as a technology vendor but as a strategic partner helping institutions navigate the labyrinth of global regulatory regimes with agility and confidence. Green Horizon Partners advised KOR exclusively on this round.
Looking Ahead: The Market and KOR’s Strategic Edge
The derivatives reporting space is notoriously challenging, given the fragmented regulatory frameworks across jurisdictions and the high stakes of compliance failures. Yet, it is precisely this complexity that creates fertile ground for a company like KOR to disrupt legacy processes. By building a platform from the ground up — staffed by former trade repository leaders and seasoned subject matter experts — KOR is betting on the demand for clarity, speed, and adaptability in trade reporting.
The backing by Macquarie Capital Venture Capital, known for their keen focus on compliance and regulatory technology, signals that KOR is not just a niche player but a serious contender poised for global impact. With regulatory scrutiny intensifying worldwide and market participants under pressure to deliver flawless reporting, KOR’s trajectory appears aligned with broader industry trends favoring specialized, tech-driven compliance solutions.
However, sustaining momentum will require KOR to continuously innovate and expand its coverage across diverse regulatory regimes, while ensuring seamless integration with clients’ existing systems. Its ability to scale globally, maintain operational excellence, and stay ahead of evolving rules will ultimately define its success in a crowded, fast-evolving market.
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