OpenFin secures investment from Standard Chartered’s SC Ventures
By Megha Bhattacharya
OpenFin has secured a strategic investment from SC Ventures, the FinTech investment and ventures arm of Standard Chartered. The new funding has brought the company’s total funding to date to $50 million and is expected to speed product development. The latest round of capital will be used to expand OpenFin’s product and engineering teams focused on building new user interface components of OpenFin OS, including OpenFin’s new desktop-wide Notification Center.
“In the financial services workplace of the future, employees need increasingly specific tools to collaborate and serve clients effectively,” said Alex Manson, SC Ventures. “We are thrilled to partner with OpenFin as they create such an environment, allowing for personalized design of the workspace and hence transforming the way we think of how conventional financial markets applications are delivered to the user.”
The funding round adds Standard Chartered to OpenFin’s group of investors including Bain Capital Ventures, Barclays, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners, Pivot Investment Partners and Wells Fargo Strategic Capital.
“We are incredibly excited to welcome Standard Chartered as a customer and investor,” said Mazy Dar, Co-Founder and CEO of OpenFin. “The pace of innovation at such a large financial institution has been truly astounding. We look forward to a close collaboration as we work to modernize the industry’s app infrastructure.”
Recently, electronic foreign exchange trading solutions, BidFX has announced an addition to its product range delivered via OpenFin. BidFX will now be able to offer a desktop-installed web app for supporting the layout of window-based components that interoperate securely and seamlessly across a trader’s multi-screen workstation.
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