The New York-based start-up plans to use the funding to expand its team and secure additional industry partnerships.
Fixed income fintech Moment has raised $36 million in Series B funding to fuel the next phase of growth for its unified trading and portfolio management system.
The round was led by Index Ventures, with partner Jan Hammer now set to join the Moment board. Andreessen Horowitz, Lightspeed Venture Partners, Venrock, Neo, and Contrary Capital also participated.
Moment has now raised a total of $56 million since being founded by Harvard alumni Dylan Parker, Ammer Soliman, and Dean Hathout in 2022. Parker serves as the company’s CEO, and previously worked at Citadel Securities as a quantitative researcher.
The Moment platform is designed to automate trading and portfolio management for fixed income workflows, spanning automated trading, research, optimisation, reporting, and risk and compliance.
In a statement, Moment says its latest capital injection will be used to “accelerate growth, advance partnerships with leading financial institutions, invest in research and development, and continue expanding its team in New York City”.
Recently announced partnerships for the company include hybrid investment advisor and broker-dealer Sanctuary Wealth and LPL Financial, the largest independent broker-dealer in the US with over $2 trillion in assets under management.
Source: https://www.fintechfutures.com/
