Data management platform Finbourne lands £30m debt facility with Kreos
Investment data management platform Finbourne Technology has secured a debt facility from Kreos Capital worth up to £30 million.
Finbourne secures debt facility from Kreos Capital worth up to £30m
The funding constitutes an extension to Finbourne’s Series A in 2021 with the debt facility supporting Finbourne’s international expansion and growth plans.
Finbourne will leverage the debt facility to expand beyond its investment management origins and into banking and capital markets, while also building out global capacity and capability across the business.
Finbourne Technology CEO and co-founder Thomas McHugh says the Kreos partnership is “a vote of confidence” in the firm and its growth plans.
“In six years, we have shown that we can help eliminate the risk associated with traditional operational transformation and at the same time address growing costs, so that firms can win back margins and productivity,” McHugh adds.
Founded in 2016, Finbourne is known for its data stack platform LUSID, a cloud-native, API-centric architecture that “ingests and translates” multiple complex data sets for enhanced management and insight.
In 2022, it increased headcount by nearly 50%, with total employees now standing at over 190 worldwide and recently opened new offices in New York and Singapore.
Looking ahead, the firm intends to develop new Software-as-a-Service (SaaS) capabilities across portfolio and fund accounting to support asset servicers.
Also in the pipeline is client-facing Finbourne Horizon, “a global community of mutually beneficial integration partnerships across the wider ecosystem”.
