OpenGamma, which is on a mission to transform treasury within financial markets, has closed a $21m in funding.
The round was led by Allianz X, the investment division of insurance giant Allianz. All OpenGamma’s existing investors contributed to the round.
Funds from the round will help OpenGamma expand its offering, including the release of automated workflow solutions for the treasury management of asset managers and other financial participants.
OpenGamma helps asset managers and other professional financial market participants to increase the capital efficiency of their portfolios, particularly with posting collateral in derivative transactions.
Its features include sophisticated margin replication, balance reconciliation, daily reinvestment recommendations, Financing and stock borrow optimisation, FX exposure management and more.
Allianz X manager Kevin Harder said, “OpenGamma’s solutions are a small revolution for many investors and asset managers. Thanks to OpenGamma, collateral management is no longer a back-office issue but instead becomes an active performance driver. This makes partnering with OpenGamma an exciting opportunity for a wide range of clients from the financial industry.”
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