OpenFin collects investment from SC Ventures

Digital operating systems developer OpenFin has closed a strategic investment from SC Ventures to support the development of new products.

The value of the investment was not disclosed, but brings the FinTech’s total equity raised to $50m.

Funds from the round will help OpenFin grow the size of its product and engineering teams, with the aim of creating new user interface components, including a new desktop-wide notification centre.

OpenFin offers financial services with applications to power the next desktop experiences through an improved interface. The technology unifies the digital workspace and enables seamless communication and workflow between apps.

SC Ventures head Alex Manson said, “In the financial services workplace of the future, employees need increasingly specific tools to collaborate and serve clients effectively.

“We are thrilled to partner with OpenFin as they create such an environment, allowing for personalized design of the workspace and hence transforming the way we think of how conventional financial markets applications are delivered to the user.”

Standard Chartered adopted OpenFin’s technology earlier this year to accelerate their internal client-facing technology transformation strategy across multiple areas of the bank, starting with the financial markets business.

Traders now have access to simplified workspace management and automated workflows.

Last year, HSBC invested into OpenFin, bringing its Series C round to $20m.

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