Pico scores $135m in its Series C round

September 12, 2020

Pico, which builds technology services for financialÂ markets around the world, has scored $135m in its Series C round.

Intel Capital, EDBI and CreditEase Fintech Investment Fund supplied the capital to the round.

By working with Intel, Pico hopes to bolster its growth trajectory, and accelerate its global growth and expansion plans.

Pico provides a portfolio of transparent, low-latency market solutions that enable companies to access financial markets around the world.

Over the past 24 months, Pico has made a number of investments into its platform. These include increased capacity, resiliency and diversity of its global financial services network.

Intel Capital senior managing director Andy Fligel said, â€œFintechâ€™s impact on capital markets continues to grow and those who successfully tap technological innovations can transform their competitiveness.

â€œPicoâ€™s track record of innovation and strategic roadmap with Intel technology at its foundation should deliver low-latency high throughput process automation, machine learning and advanced analytics for the financial services industry. We look forward to playing an active role in their success.â€