The London Stock Exchange (LSE) has invested £15m into Fintech start-up Nivaura, to expand their head count.
Participants who invested in the funding round include, law firms Allen & Overy, Linklaters, Transamerice Ventures, Santander InnoVentures, the Spanish banks investment arm and many others.
Nivaura’s boss Avtar Sehra said: “Our focus for 2019 is on conducting a series of high profile, large-scale projects with high calibre partners to demonstrate our platform as a valuable solution across the full spectrum of capital markets primary issuance activities. Working with such partners with their wealth of experience will underpin our next phase of growth.”
He added: “We’re seeing growing appetite from major financial institutions for practical innovation that goes beyond buzzwords and conceptual PoCs (proof of concepts) in ‘digital investment banking’.
“Boards are saying, go forth and innovate.
“But doing so in the highly regulated and complex world of capital markets is immensely difficult. With our now proven approach and compliance credentials, we are able to finally help our industry take practical steps to innovate and improve their economics.”