23 August 2017
visit www.avoka.com

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

16 May 2017  |  5328 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  |  6188 views  |  0 comments | 4 tweets | 2 linkedin
Symphony strikes a chord with Google Alphabet

Symphony strikes a chord with Google Alphabet

06 October 2015  |  4481 views  |  0 comments | 5 tweets | 3 linkedin
Banks launch IM service to rival Bloomberg

Banks launch IM service to rival Bloomberg

21 July 2015  |  6762 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  |  6513 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  |  7570 views  |  0 comments | 3 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
17975 views comments | 42 tweets | 78 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13189 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11821 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11051 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10927 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job