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New York-based startup OpenFin has announced a $15 million round of funding, including such big hitters as Bain Capital Ventures, J.P. Morgan and NEX Group’s FinTech investment business Euclid Opportunities. The venture, which enables banks and trading platforms to deploy desktop applications both in-house and to their buy-side and sell-side customers, has now raised $22 million in venture funding.

“‘Move fast and break things’ became the mantra of Silicon Valley years ago and created a mindset that has accelerated an extremely profitable consumer software boom – and now we’re bringing it to Wall Street,” says Mazy Dar, CEO and co-founder of OpenFin. “Our mantra at OpenFin is: ‘Move fast. Break nothing.’ Our operating environment brings the same rapid innovation cycle to change-resistant capital markets without sacrificing the security and stability of these mission-critical systems.”

Sanoke Viswanathan, Chief Administrative Officer at J.P. Morgan Corporate & Investment Bank, comments: “One critical component of OpenFin’s success is their deep commitment to open source technology. Some of the most successful tech companies are combining proprietary technology aimed at fueling business growth with an open source, shared technology framework that gets better with contributions from the broader community.”

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by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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