Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of USD21 million.
Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of USD21 million.
In addition to the digital investments unit of Allianz, all existing investors participated in the funding round.
OpenGamma helps asset managers and other professional financial market participants to increase the capital efficiency of their portfolios, particularly when it comes to posting collateral in derivative transactions. With its proprietary software offering, OpenGamma is the leader in the margin analytics space.
From the proceeds of the latest funding round, OpenGamma will continue to expand its offering, including the launch of automated workflow solutions for the treasury management of asset managers and other financial participants. As regulation forces firms to review their cash and collateral processes, OpenGamma can significantly increase value for its current and future clients by optimising existing operational processes.
