Connect with us

Fintech

Swedish fintech startup Limina secures €2.54 million to further expand with its cloud-native Investment Management Solution

Published

on

Limina-founder

Limina, a Stockholm-based startup providing the world’s first and only customizable cloud-native Investment Management Solution (IMS) for mid-sized asset managers, today announces the completion of a €2.54 million Series A funding round. The investment was led by Nordic venture capital firm Industrifonden.

Existing investors, including STOAF SciTech, Vidici Ventures, Almi Invest and Justin Wheatley, the founder of StatPro, also joined the latest funding round. The company’s enterprise SaaS model for asset management IMS has seen great traction from forward-looking asset managers across Europe in the past 18 months. Limina has delivered triple digit growth since 2019, with a steady stream of new client contracts, including Alquity and Lannebo.

Limina will invest the fresh capital into scaling its offering, including further product development and strengthening the expert-led services organisation that complements its technology solution.

Limina Founder Kristoffer Fürst stated: “By blending the benefits of a SaaS model with the flexibility and configurability of an enterprise solution, Limina has met the needs of forward-looking asset managers and delivered a solution that fits the workflows our clients have, as opposed to the client having to fit their workflows around a solution. From the conversations we have with mid-sized asset managers across Europe, we know there is great demand for modernised solutions that can evolve and flex as their businesses grow, and we are intent upon helping them to achieve their investment management goals.”

Ulf Svensson, CEO of Limina, added: “Attracting a large, respected and evergreen investor like Industrifonden, which has been considered an industry leader in both fintech and SaaS investments for many years, is a welcome stamp of approval for Limina and what we have achieved with the business to date.”

With its strong technology and experienced management team Limina aims to upend a market dominated by legacy systems. Limina works with its clients to modernise the fund management industry for the future, starting with the startup’s innovative solution which provides order-raising workflows, pre-trade compliance and real-time portfolio insights.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.eu-startups.com/2021/07/swedish-fintech-startup-limina-secures-e2-54-million-to-further-expand-with-its-cloud-native-investment-management-solution/

Fintech

Salesforce to acquire RPA vendor Servicetrace

Published

on

Cloud-based software company Salesforce announced this week it will acquire robotic process automation (RPA) provider Servicetrace in a move that will boost Salesforce’s function-specific offerings, especially with regard to finance. The German RPA provider will become part of Salesforce-owned MuleSoft, which offers API management and other integration solutions. While few details on the acquisition were […]
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://bankautomationnews.com/allposts/infrastructure/salesforce-to-acquire-rpa-vendor-servicetrace/

Continue Reading

Fintech

Grayscale hires ETF head to convert biggest Bitcoin fund

Published

on

The company behind the largest cryptocurrency fund is building out its ETF team, despite dimming odds that U.S. regulators will approve the structure this year. Grayscale Investments LLC has tapped David LaValle, former chief executive officer of custom index provider Alerian, as its global head of exchange-traded funds. He will drive the effort to convert […]
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://bankautomationnews.com/allposts/wealth/grayscale-hires-etf-head-to-convert-biggest-bitcoin-fund/

Continue Reading

Fintech

CuneXus Inks Pact with Origence to Streamline Digital Lending

Published

on

A strategic partnership between digital lending solution provider CuneXus and lending technology company Origence will give more than 1,100 credit unions the ability to offer their members access to personalized, pre-approved financing offers.

“We are focused on changing the way credit unions interact with their members, and this means tearing down old, and painful banking experiences” CuneXus co-founder and President Dave Buerger said. “We’re empowering people with unrivaled transparency and convenience, and this partnership with Origence makes that easily accessible to many more credit unions and consumers. Together we can provide the modern seamless lending experience that members deserve, one that equips them for financial excellence.”

The partnership allows credit unions to access CuneXus’ digital storefront, which leverages a proactive, “Perpetual Approval” approach that continuously analyzes hundreds of internal and external data points to ensure that qualified borrowers can get personalized loan offers, while simultaneously helping keep the credit union “top of mind” whenever one of its members has expressed an interest in securing financing. The methodology exchanges the typical credit application process for an ongoing automated credit approval that make the financing process less complicated for credit union members.

VP of Strategic Alliances at Origence, Aleks Bogoeski, said that the partnership with CuneXus comes at an opportune moment as consumer behavior and spending begins to rebound in the wake of COVID-19. “Our partnership with CuneXus provides a timely opportunity for credit unions to implement a dynamic digital experience that further simplifies the lending process, as member spending returns to a normal, post-pandemic pace,” Bogoeski said. “We are happy to have partnered with CuneXus to bring this service to our credit unions.”

Founded in 2011 and headquartered in Santa Rosa, California, CuneXus made its Finovate debut at FinovateSpring 2014. In the years since, the company has grown to serve more than 145 of the biggest lenders in the U.S. with its digital storefront, helping these institutions increase wallet share, generate branch revenue, and grow non-interest income. CuneXus clients represent more than $400 billion in combined assets and serve 20 million customers and members.

CuneXus was acquired by CUNA Mutual Group in the fall of last year. Announcing the move, CUNA Mutual president and CEO Robert N. Trunzo highlighted CuneXus’ “growth trajectory” – as well as its expertise and products – as features that would enhance CUNA Mutual Group’s opportunity for growth. “We are continuing our journey into a more diverse, digital-first world,” Trunzo said. “Our company is committed to using technology to enhance consumers’ access to financial solutions that work for them and create a more equitable financial system and society. This is a top priority for all of our core businesses.”


Photo by Erik Karits from Pexels

The post CuneXus Inks Pact with Origence to Streamline Digital Lending appeared first on Finovate.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://finovate.com/cunexus-inks-pact-with-origence-to-streamline-digital-lending/

Continue Reading

Fintech

What’s the strategy behind Square’s largest-ever acquisition?

Published

on

In a sign of the massive shifts in retail and online payments, Square announced on Aug 1 that it would acquire Australian fintech Afterpay for $29 billion, its largest acquisition to date. Afterpay, a Buy Now Pay Later (BNPL) service, allows customers to break up a transaction into installments. This fast-growing type of unsecured lending […]
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://bankautomationnews.com/allposts/payments/square-announces-its-largest-ever-acquisition/

Continue Reading
Ecommerce5 days ago

How professional videos can help e-commerce brands attract more customers

Blockchain3 days ago

Everything you should know about Coinbase

Blockchain1 day ago

CryptoHawk Provides Subscribers 2-month Returns of 44.5% on BTC and 22.1% on ETH

Cyber Security1 day ago

What is a Remote Access Code?

Gaming4 days ago

SCCG Management and Data Sports Group Partner to Deliver Sports Content and Analytics to the Media Industry

image001.gif
Startups1 day ago

From Red Gold to Olympic Gold: Seedo Corp. Seeks Solutions for Athletes and More

Gaming3 days ago

How to win the war on betting

Cleantech1 day ago

Why food production is as dangerous for the planet as fossil fuels

Gaming3 days ago

How to master poker

Blockchain1 day ago

Had Enough of Crypto? Here are Some Alternatives!

Blockchain1 day ago

GBA Names New United Kingdom Chapter President

Cleantech1 day ago

To sell EVs, are automakers ready to ditch dealerships?

AR/VR1 day ago

nDreams Appoints ex Codemasters CEO as Non-Executive Chair of the Board

AR/VR1 day ago

Ven VR Adventure Arrives on Oculus Quest Next Week

Cleantech1 day ago

Green bonds are beating all expectations in the post-pandemic recovery

Cleantech1 day ago

You’ve set a bold climate goal, so now what?

Blockchain1 day ago

From Around the Web: 10 Awesome Stories About Bitcoin

Blockchain2 days ago

Unique Network Chosen As Exclusive Blockchain Partner for United Nations Associated NFT Climate Initiative

Cyber Security2 days ago

What is Service Desk?

AR/VR2 days ago

The Walking Dead: Saints & Sinners Aftershocks Confirmed for Late September

Trending