UK-based CloudMargin raises $15 million in series B capital round

Date: 2020-09-24   Author: Pankaj Singh  Category: #news

UK-based CloudMargin raises $15 million in series B capital round

CloudMargin Limited, a developer of an easy-to-use collateral management platform for major firms, has reportedly raised USD 15 million in series B capital round led by Deutsche Börse. The funding round also marked the presence of Tier-1 global investment banks and present clients Deutsche Bank and Citi.

Sources cite that the company will use this funding to further improve the platform and technological capability to offer an improved and service for customers and partners. Moreover, the firm intends to strengthen its client service and sales capabilities in Asia and the United States.

Tilman Fechter who is the Head of Banking, Funding & Financing at Clearstream, a division of Deutsche Börse Group said that the company is an ideal investment opportunity for the bank and its subsidiary Clearstream. Its agile and innovative technology brings crucial impetus to all collateral management industry players, from small size institutions to largest investment banks, he states.

Mr. Fechter said that joining forces between recognized trusted players and flexible start-up such as CloudMargin is pivotal to future-proof the business for all industry participants.

Joseph Macdonald who is the Director for Fixed Income and Currencies Trading at Deutsche Bank said that CloudMargin is a pivotal partner for the bank's collateral division, and the company has been working thoroughly together since in 2018. He added that the investment reflects the company’s confidence in CloudMargin's top-notch platform and its future within the market."

Meanwhile, Jefferies LLC catered as financial advisor to CloudMargin. Since CloudMargin’s establishments in 2014, the company has raised USD 35 million via equity issuance, with assistance from numerous investors including Illuminate Financial, Jefferies, and IHS Markit. The company developed the world’s first cloud-based collateral management workflow and has garnered numerous awards since 2015 for innovation and best-in-class technology.

Source credit - https://www.prnewswire.com/news-releases/cloudmargin-raises-15-million-in-series-b-funding-round-with-citi-deutsche-bank-and-deutsche-borse-as-primary-investors-301135219.html

 



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Antenatal Screening Market Share, By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2028

Author: Ashwin Naphade

Global Antenatal Screening Market, 2022-2028 Research Report provides crucial statistics on the market status of the Global Antenatal Screening manufacturers and is a respected source of guidance and direction for companies and individuals interes...


Pediatric Vitrectomy Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2028

Author: Ashwin Naphade

Global Pediatric Vitrectomy market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Pediatric Vitrectomy market repor...


Legionnaire Disease Testing Market Comprehensive Analysis, Share, Growth Forecast from 2022 to 2028c

Author: Ashwin Naphade

This report studies the Global Legionnaire Disease Testing market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, ...