Finalis bags $10.7m from seed raise

Finalis, a private securities brokerage technology platform, has raised $10.7m in a seed funding round.

The round was backed by investors including Ulu Ventures, Animo Ventures, Tribe Capital, The Fund and Chaac Ventures.

Founded in 2020, Finalis has developed the Finalis Hub, which is an integrated private securities brokerage technology platform. The company claims it already manages billions in deal volume and has over 700 active mandates in market and supports over 150 investment banks and placement agencies across the US.

The company introduced a marketplace earlier this year that enables dealmakers on the hub to promote deal collaboration and execution with other dealmakers in real time.

The proceeds from the funding raise will be used by the company for technology development and expansion overseas.

Finalis CEO Federico Baradello said, “Finalis was founded because the investment banking industry needs modernization to deliver real value not just to dealmakers, but to their clients as well. Dealmakers deserve a platform that unlocks opportunities within the private securities market, which is among the largest and fastest-growing asset classes globally.”

Nigerian FinTech Moove has secured $20m from British International Investment (BII), the UK government’s Development Finance Institution (DFI).

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