Prytek scores $107m for its financial services technology development

Prytek, which builds vertical integrated supply chain solutions for financial institutions, has collected $107m in funding

The capital was supplied by affiliates of Davidson Kempner Capital Management. As part of the deal, a representative of Davidson Kempner will join Prytek’s board of directors and investment committee.

With the capital injection, the company hopes to accelerate its growth strategy. This includes the expansion of ThriveDX, a cyber and IT education platform.

Founded in 2017, Prytek is a multinational technology group aimed at building technology and managed services for the financial services, cybersecurity, education and HR sectors.

Its financial services division in Delta Capital, which offers an array of managed services, including due diligence, client lifecycle management, pricing and risk, post trade and more.

Prytek co-chief executive officer Arnon Shiboleth said, “We see Davidson Kempner’s addition to Prytek’s shareholder base, Investment Committee and board of directors as an important milestone in the growth of our business.

“This new capital will further support organic and M&A-driven growth initiatives across several of our divisions and companies. This is a critical step forward for our business and will position the company well for additional near-term growth opportunities and a potential public listing.”

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