OpenFin raises $17m for financial desktop innovation
OpenFin, the operating system (OS) of finance, has raised $17 million in a Series C funding led by Wells Fargo with participation from Barclays and existing investors, including Bain Capital Ventures, JP Morgan and Pivot Investment Partners.
“Transforming how we work in financial services”
This round brings OpenFin’s total amount of venture funding to $40 million.
The new capital will be used to make OpenFin OS ubiquitous on financial desktops and to fund further product innovation, including the firm’s Cloud Services offering, which enables institutions to provide their own private app stores for employees and customers out of the box.
OpenFin’s desktop operating system aims to enable financial services firms to build new applications with modern web technology while enabling seamless and secure integration with legacy applications.
“Apple and Google’s mobile operating systems and app stores have enabled more than a million apps that have fundamentally changed how we live,” says Mazy Dar, CEO and co-founder of OpenFin. “OpenFin OS and our new app store services enable the next generation of desktop apps that are transforming how we work in financial services.”
“Agility and interoperability are core pillars of our digital strategy because time is a precious resource, especially in a banking environment. OpenFin accelerates our innovation cycle and allows us to create better workflows, enabling our colleagues and clients to make more productive use of their time,” says Brett Tejpaul, head of digital and client strategy at Barclays Investment Bank.
The company says it also sees tremendous opportunities for their technology in adjacent industries.
