Velox, which claims to be the future of front-office technology, has reportedly bagged $2.5m in its new funding round.
The investment was supplied by ETFS Capital and will be used to support the FinTech’s growth plans, according to a report from mondovisione. Velox is hoping to improve the development of its core platform, increase its distribution and grow its customers in the UK and US.
Velox was created to change the sales and trading space by offering real-time web applications which helps clients to overcome limitations in existing estates, it claims. The platform optimises workflows from build-time to runtime, and any application that needs to aggregate, analyse and leverage data.
Velox CEO Jon Butler told mondovisione, “Fragmented data, disjointed business process and legacy technology is killing productivity and innovation in the front office. Velox offers immediate relief by acting as a bridge between clients’ current platforms and a future driven by innovation.
“We are delighted to have secured investment from ETFS Capital, enabling us to bring a unique and much needed solution to the capital markets.”
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