Bank of America and BNY Mellon Join AccessFintech’s $60 Million Funding Round


Financial technology company AccessFintech recently closed its $60 million Series C funding round. The investment round led by WestCap included financial giants such as Bank of America and BNY Mellon.

Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech firm plans to use the funds to expand its operations, with a focus on expanding its collaborative data management network.

In addition to WestCap, Bank of America and BNY Mellon, Dawn Capital, JP Morgan, Goldman Sachs and Citi Group also participated in the latest $60 million investment round. Kevin Marcus and Caroline Butler will join AccessFintech’s Board of Directors.

Commenting on the funding round, Roy Saadon, CEO of AccessFintech said: “We are fortunate to be advancing our next phase of growth with partners bringing together a highly respected growth VC and global strategic investors. We share the vision that data is the catalyst for innovation and growth, and the critical role AccessFintech plays as an essential provider of trusted data governance infrastructure. We are poised for a period of significant expansion and look forward to working with all of our investors as we expand into additional markets.”

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In March 2022, Fabrice Carrier joined AccessFintech as Head of Derivatives Product Line to support its growth.

Fintech Funding

Fintech funding fell across Europe and the UK in the first half of 2022 due to the recent slowdown in global financial markets. However, financial technology platforms such as Mesh Payments and Balance have secured adequate funding in recent months.

“We are excited to support AccessFintech’s growth and expansion,” said Caroline Butler, CEO of Custody at BNY Mellon. “The democratization of data between market participants reduces operational friction and associated costs and improves execution, which are critical to our clients and the smooth functioning of capital markets. This latest strategic venture reaffirms our commitment to partnering with leading fintechs and investing in new technologies to transform the wealth management space as we seek to expand and curate a digital ecosystem for clients.”

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Financial technology company AccessFintech recently closed its $60 million Series C funding round. The investment round led by WestCap included financial giants such as Bank of America and BNY Mellon.

Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech firm plans to use the funds to expand its operations, with a focus on expanding its collaborative data management network.

In addition to WestCap, Bank of America and BNY Mellon, Dawn Capital, JP Morgan, Goldman Sachs and Citi Group also participated in the latest $60 million investment round. Kevin Marcus and Caroline Butler will join AccessFintech’s Board of Directors.

Commenting on the funding round, Roy Saadon, CEO of AccessFintech said: “We are fortunate to be advancing our next phase of growth with partners bringing together a highly respected growth VC and global strategic investors. We share the vision that data is the catalyst for innovation and growth, and the critical role AccessFintech plays as an essential provider of trusted data governance infrastructure. We are poised for a period of significant expansion and look forward to working with all of our investors as we expand into additional markets.”

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In March 2022, Fabrice Carrier joined AccessFintech as Head of Derivatives Product Line to support its growth.

Fintech Funding

Fintech funding fell across Europe and the UK in the first half of 2022 due to the recent slowdown in global financial markets. However, financial technology platforms such as Mesh Payments and Balance have secured adequate funding in recent months.

“We are excited to support AccessFintech’s growth and expansion,” said Caroline Butler, CEO of Custody at BNY Mellon. “The democratization of data between market participants reduces operational friction and associated costs and improves execution, which are critical to our clients and the smooth functioning of capital markets. This latest strategic venture reaffirms our commitment to partnering with leading fintechs and investing in new technologies to transform the wealth management space as we seek to expand and curate a digital ecosystem for clients.”



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