Finbourne's flagship product is the LUSID platform, a software-as-a-service offering that delivers functionality across portfolio management, fund accounting, order management, compliance, and more. The company's technology stack uses AI models to automate data management and provide useful insights for investors. The startup has seen significant growth, with new clients in banking, capital markets, and investment management, including Northern Trust Corp., the Pension Insurance Corp., and Omba Advisory & Investments Ltd.
Key takeaways:
- Finbourne Technology Ltd., a U.K.-based financial data management startup, has raised £55 million ($70 million) in a Series B funding round led by Highland Europe and AVP.
- The company, founded in 2016, aims to reinvent how financial firms store, access, and analyze financial and investment data with its AI-powered platform.
- Finbourne's flagship product, the LUSID platform, offers a range of functionalities including portfolio management, fund accounting, order management, and compliance.
- The funds from the latest round will be used to expand the company's sales, product, and marketing capabilities in the U.S., U.K., Ireland, Singapore, and Australia.