Integral, a workflow management solution for the foreign exchange, has pulled in $15m in its latest round of funding.
The investment was supplied by Morgan Stanley Expansion Capital. Through the equity live, Integral will further its growth in the market into a broader pool of banks, brokers and asset managers.
Integral gives banks, brokers and asset managers with a selection of workflow management and advanced execution tools for their foreign exchange operations. The cloud-based platform helps users to access lower transaction costs, improve efficiency and boost yield.
The company has witnessed strong growth this year, including the launch of tools for its ofOCXTM solution, an FX venue combining a variety of market participants on a single network of liquidity. The new features support compliance with MiFID II.
Integral founder and CEO Harpal Sandhu said, “The market opportunity for Integral has never been better.
“Our focus on building the best FX solutions coupled with our unparalleled customer service has given us the largest installed base in the business – more than 200 leading institutions run on the Integral platform. We look forward to partnering with Morgan Stanley Expansion Capital and leveraging their deep experience and global resources.”
Earlier in the year, Morgan Stanley led the $30m Series D round of Samanage, an employee management platform. Its cloud-based technology helps enterprises to simplify and automate processes such as incident management, reporting, benchmarking and risk detection.