Citi is making a strategic investment in ChartIQ, the startup behind a desktop integration platform that links apps together for capital markets firms. Terms were not disclosed.
ChartIQ says that its Finsemble system links applications together to allow the end user to work smarter with intelligent, customised workflows.
This allows legacy software to coexist with third-party or new inhouse applications, solving a pain point for firms looking to embrace modern web technologies while still supporting older platforms.
Founded in 2012, the Charlottesville-based firm claims some of the world's biggest financial institutions among its 300 global clients. The Citi investment comes on the heels of a $17.4 million Series B funding round.
"This investment shows our confidence in ChartIQ as a leader in smart desktop technology," says Kevin Foley, MD, markets electronification, Citi. "Its solution, Finsemble, has the power to transform user experience and productivity by linking critical applications together in a seamless environment."
Editorial | what does this mean?