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Saphyre Secures $18.7 Million In Series A Funding From J.P. Morgan, Bnp Paribas, And Hcap Partners

Mar 22, 2022•over 3 years ago

Amount Raised

$18.7 Million

Round Type

series a

Description

Saphyre, Inc., a leading FinTech company that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, is pleased to announce the successful completion of its Series A round of $18.7 million, led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round. Terms of the investment were not disclosed.

Company Information

Company

Saphyre

About

Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre's platform maintains memory of data and documents, resulting in clients not having to search or resubmit information, and expedites flow in a digitally structured manner so that it can be consumed and understood by any permissioned counterparty in the finance industry. This allows firms not only to assess risk faster but they can speed their onboarding processes, get real-time ready-to-trade statuses per account, and eliminate 70%-75% of redundant or inefficient post-trade activities. Learn more at https://www.saphyre.com.

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