Nivaura, the UK’s financial technology start-up, recently announced the completion of a strategic seed round of financing, successfully raising $20 million.
The financing was led by the London Stock Exchange, and other investors include Allen & Overy, Digital Currency Group, Linklaters, MiddleGame Ventures, and others. The funding will help the company expand its business and technical teams to complete product development and expertise faster to meet the increasingly complex automation needs of its customers.
Founded in 2016, Nivaura focuses on banks, exchanges, and other financial institutions to develop digital investment banking platforms. Its products include modular technology services that allow investment vehicles such as bonds, loans, equities, and structured products to be issued to administration. The entire cycle can be operated automatically and in compliance. The company also plans to expand its business to new areas, covering new asset classes.
Dr. Avtar Sehra, Chief Executive Officer of the company, said that Nivaura will focus on high-quality partners this year to carry out a series of large-scale projects to show the value of the platform in the first-hand market release activities, describing “cooperation will also consolidate our next stage of development.”