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TransFICC secures new investment of USD17m led by AlbionVC

TransFICC, a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed a USD17 million Series A extension led by AlbionVC.

All existing institutional shareholders also took part in this investment round, which follows the original Series A of USD7.8 million, announced in April 2020.

TransFICC’s investors are AlbionVC, Citi, HSBC, Illuminate Financial, ING Ventures, and Main Incubator (the Early Stage CVC unit of Commerzbank Group).

The new investment will primarily be used to expand TransFICC’s Engineering teams, to support additional venue connectivity and automated workflows in US Rates and Credit markets, including US Treasuries, High Yield, Investment Grade, IRS, Repos, Munis, MBS and CDS products. 

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