Cassini Systems, a London-based provider of pre-and post-trade margin and collateral analytics, raised $20.5 million (approx €18.16M) in a growth round of funding led by Ten Coves Capital and joined by existing investors Mosaik Partners.
The proceeds from this round will be used to accelerate its product development, expand its sales force and expand its services in global markets.
Company: Cassini Systems Ltd.
Round: Growth Funding
Funding Month: December 2021
Lead Investors: Ten Coves Capital
Additional Investors: Mosaik Partners
Company Website: https://cassinisystems.com/
Software Category: margin analytics platform
About the Company: Founded in 2014 by Liam Huxley, Cassini System’s software services claim to enhance front office trade decisions with visibility and analytics of post-trade costs and also provide post-trade optimization and estimation tools for treasury and operations. These tools allow firms to achieve large cost savings while improving resilience to collateral stress. Cassini users can calculate any margin on any cleared or uncleared derivatives asset, analyze drivers and movement in margin exposure, reduce initial margin levels, and maximize margin efficiency with the firm’s advanced algorithms. Cassini System’s an ISO 27001 certified, and SOC-2 compliant technology firm, Cassini maintains the highest industry standards in information security in our AWS (Amazon Web Services), on-premise, or SaaS deployment models.