Saphyre, Inc, a FinTech company that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, has completed a USD18.7 million Series A round led by HCAP Partners.
JP Morgan and BNP Paribas also participated in the round.
Terms of the investment have not been disclosed.
Saphyre’s AI-powered platform enables direct collaboration between multiple financial parties related to the same client. The platform digitises all pre-trade data and documents, eliminating redundant manual processes and allowing for secure, expedited access to data throughout the trade lifecycle.
The Series A funding will be used to accelerate Saphyre’s product development initiatives in both its pre- and post-trade offerings, as well as to support its ongoing expansion of interoperability initiatives with a number of other fintech/vendor solutions in the industry.
