23 May 2017
Find out more

BNP Paribas leads $63m funding round for Wall Street messaging outfit Symphony

16 May 2017  |  4111 views  |  0 BNP Paribas

Bank messaging platform Symphony Communication Services is looking to expand into Asia after raising $63 million in a funding round led by BNP Paribas.

Launched in 2015 by a 14-strong consortium of sell-side brokers - including Goldman Sachs, Citi and Deutsche Bank - Symphony is bidding to challenge Bloomberg's dominance as the default messaging medium for traders.

The latest round - smaller than the $100 million rumoured last year - was joined by most existing investors and brings the startup's total funding to $233 million.

Symphony offers collaboration technology for firms and their employees, acting as a replacement for traditional email and voice systems for securely communicating with internal and external teams, sharing documents and conducting meetings.

With the backing of so many of the world's biggest banks, the platform already claims hundreds of thousands of paying users and the new funding will be used to drive growth, particularly in Asia.

David Gurlé, CEO, Symphony, says: "This financing is a recognition of the value our customers have experienced as the Symphony community has grown. Our customers’ desire to make Symphony their central platform and replace legacy tools is an endorsement of the efficiencies brought by an integrated collaboration platform and streamlined workflow."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Wall Street messaging outfit Symphony looks to raise $100m - WSJ

Wall Street messaging outfit Symphony looks to raise $100m - WSJ

06 October 2016  |  5902 views  |  0 comments | 4 tweets | 2 linkedin
Symphony strikes a chord with Google Alphabet

Symphony strikes a chord with Google Alphabet

06 October 2015  |  4301 views  |  0 comments | 5 tweets | 3 linkedin
Banks launch IM service to rival Bloomberg

Banks launch IM service to rival Bloomberg

21 July 2015  |  6486 views  |  1 comments | 14 tweets | 8 linkedin
Symphony acquires technology assets of Markit chat unit

Symphony acquires technology assets of Markit chat unit

02 December 2014  |  6370 views  |  0 comments | 1 tweets | 1 linkedin
Wall Street firms take on Bloomberg with new messaging platform

Wall Street firms take on Bloomberg with new messaging platform

01 October 2014  |  7430 views  |  0 comments | 3 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8814 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8675 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8578 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8361 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8294 views comments | 19 tweets | 24 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job