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OpenFin raises $35m in Series D investment

By Delisha Fernandes

May 25, 2023

  • Asset Management
  • Bank of America
  • Banks
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OpenFinOpenFin, an operating system of enterprise productivity, announced that it has secured $35 million in Series D investment.

Bank of America led the latest funding round with significant participation from Pivot Investment Partners and ING Ventures. Additional investors in the round include CME Ventures, CTC Venture Capital, SC Ventures, and Tribeca Early-Stage Partners.

The investment will help accelerate the adoption of OpenFin OS across the financial industry and beyond. OpenFin’s web-based OS is becoming a de facto standard in financial services for powering next-generation applications and digital experiences for employees and clients. The software is now used at over 3,800 banks and wealth and asset management firms in 60+ countries.

Dinkar Jetley, Co-Founder and Managing Partner at Pivot Investment Partners, said, “OpenFin provides the financial industry with a truly open workspace platform that is unrivalled regarding app distribution, security, interoperability, scale and governance. We have backed OpenFin’s vision since 2015 and are delighted to support the company as they expand across the financial sector and beyond.”

Mazy Dar, CEO of OpenFin, said, “This is a significant milestone in OpenFin’s mission to enable openness, app interoperability and end-user productivity across the financial industry. OpenFin Workspace empowers financial institutions to transform experience for their employees and customers, replacing traditional browsers with an enterprise browser designed for work. We are delighted to welcome Bank of America as our newest strategic investor, and we are grateful for the continued support from Pivot Investment Partners and many other existing investors.”

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