Saphyre Secures $18.7 Million in Series A  

by Kay Aloha Villamor in March 23rd, 2022

Saphyre, a New York and Paris-based leading FinTech company that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, announce the successful completion of its Series A round of $18.7 million.

The round was led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round.

Saphyre will be used to accelerate Saphyre's product development initiatives in both its pre-and post-trade offerings, as well as to support its ongoing expansion of interoperability initiatives with a number of other fintech/vendor solutions in the industry.

Company: Saphyre, Inc.

Raised: $18.7M

Round: Series A

Funding Month: March 2022

Lead Investors: HCAP Partners

Additional Investors: J.P. Morgan and BNP Paribas

Company Website:

Software Category: AI-powered Trading Automation Platform  

About the Company: Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre's platform maintains a memory of data and documents, resulting in clients not having to search or resubmit information, and expedites flow in a digitally structured manner so that it can be consumed and understood by any permission counterparty in the finance industry. This allows firms not only to assess risk faster but can speed their onboarding processes, get real-time ready-to-trade statuses per account, and eliminate 70%-75% of redundant or inefficient post-trade activities. 





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