24 February 2018
Visit www.capgemini.com/worldreports

Netik closes $15 million funding round

03 December 2001  |  1780 views  |  0 Netik closes $15 million funding round

UK-based straight-through processing vendor Netik has secured $15 million in a series B funding round led by Advent Venture Partners. Existing investor Warburg Pincus also contributed to the new investment.

Netik offers financial institutions end-to-end STP solutions, combining transactional workflow, messaging, integration, matching/reconciliation, and reporting.

John Wise, CEO, Netik, says the funding will be used to strengthen the company's products, services, management and customers.

Four year-old Netik claims 100% revenue growth in the last financial year. The company also released V2.0 of its InterStream product.

The company is also looking to grab a slice of the market for connectivity to trade matching utilities. Citigroup is understood to be the first client to adopt Netik's technology for linking to the Global Straight-Through-Processing Association's Transaction Flow Manager.

Netik is prospecting among its existing customer base and using its connections with Microsoft and Compaq to seek a greater share of this nascent market. Netik currently has 200 clients using InterStream and other STP component-based software.

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 company news


Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit https://www.capgemini.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11730 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10309 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8503 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8038 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7730 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job