Apr 10, 2018
J.P. Morgan announced its Series A round investment in AccessFintech, a post-trade startup created to help buy-side and sell-side firms manage vendor and operational risk across the trade life-cycle. The funding round is focused on seizing the momentum generated by the strong market adoption of AccessFintech’s risk and exception management services, further expanding account coverage and accelerating AccessFintech’s product roadmap.
As part of the funding, AccessFintech will join J.P. Morgan's In-Residence program, which provides a set of processes to help startups test their innovations at scale across the bank's network, solve real-world industry problems and deploy their solutions at an enterprise level.
“We have been tracking AccessFintech’s product evolution for some time and we think its ability to bring together different parts of the post-trade process into one aggregated view is technology that is long overdue in the industry,” said Lawrence Waller, Global Head of Markets & Investor Services Operations at J.P. Morgan. “To progress further, they need the opportunity to work at scale and so they make a very natural fit for our In-Residence program, which encourages success through collaboration and the sponsorship of our senior management.”
Learn more from the full press release.