AccessFintech

Founded: 2016
Founder: Roy Saadon, Steve Fazio
Headquarters: 5 Zeev Jabotinsky St 8th floor Ramat Gan, Israel 5252006
Number of employees: 70
Website: www.accessfintech.com

Overview

AccessFintech is a cloud-based software company that provides risk management solutions for financial institutions. The company was founded in 2016 by Roy Saadon and Steve Fazio, both of whom have extensive experience in the financial services industry. AccessFintech’s mission is to help financial institutions mitigate risk and streamline their workflows through advanced technology.

The company’s flagship product is a platform that provides real-time risk management insights and transparency across different financial systems and data sources. AccessFintech’s platform uses machine learning, artificial intelligence, and automation to provide clients with a comprehensive view of their risk exposure and help them identify potential issues before they become major problems.

AccessFintech has been successful in attracting funding from a range of investors. In 2017, the company raised $17.5 million in a funding round led by Citi, Credit Suisse, Goldman Sachs, and JP Morgan. Other investors in the round included Illuminate Financial and existing investors such as Pivot Investment Partners and Tribeca Venture Partners.

In 2018, AccessFintech raised an additional $20 million in a funding round led by JP Morgan, with participation from other investors such as Credit Suisse, Goldman Sachs, and Citi. The company used the funding to expand its operations and invest in new technology.

AccessFintech has also been active in the acquisition market. In 2019, the company acquired AlgoTrader, a Swiss-based provider of algorithmic trading software. The acquisition helped AccessFintech to expand its offerings to include algorithmic trading solutions for its clients.

The acquisition of AlgoTrader was not the only major move made by AccessFintech in 2019. The company also announced a partnership with JPMorgan to develop a new risk management solution for the financial services industry. The partnership aimed to leverage AccessFintech’s advanced technology and JPMorgan’s expertise in risk management to create a best-in-class platform for managing risk in financial markets.

AccessFintech has been recognized as a leading provider of risk management solutions for financial institutions. In 2020, the company was named Best Collaboration Initiative at the WatersTechnology Buy-Side Awards. The award recognized AccessFintech’s innovative approach to collaboration and its ability to help financial institutions improve their risk management capabilities.

In summary, AccessFintech is a software company that provides risk management solutions for financial institutions. The company was founded in 2015 by industry veterans Roy Saadon and Steve Gibson and has attracted significant funding from a range of investors. AccessFintech has also been active in the acquisition market, acquiring AlgoTrader in 2019 and partnering with JPMorgan to develop a new risk management solution. The company has been recognized for its innovative approach to risk management and its ability to help financial institutions mitigate risk and streamline their workflows through advanced technology.

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