CrowdX, a FinTech providing marketplaces and liquidity solutions for private firms, has acquired trading platform J P Jenkins for an undisclosed fee.
Founded in 1991, JPJ has built a reputation in helping private companies engage with shareholders and allowing early-stage investors to realise a return on their paper wealth.
In addition to boosting accessibility for the secondary trading already offered by JPJ, the integration CrowdX technology will also deliver a platform to facilitate the primary issuance of both debt and equity instruments.
CrowdX is currently in advanced stages of negotiations with a number of other financial institutions who are looking to deploy its technology. This will allow them to power their own venues, improving management of investment portfolios and preserving asset valuations without needing to resort to trade sales.
CrowdX CEO Mike McCudden said, “This acquisition comes at a critical time, not only in the growth story of CrowdX but also as the UK’s future as a capital market of choice is very much in the spotlight. Our proven technology will afford J P Jenkins clients’ access to a cutting edge venue, which any broker or institution can connect into using a standard API.
“This greater accessibility to an enlarged number of investment opportunities improves liquidity, generates more accurate valuations and in turn delivers a tangible boost to transparency.”
Germany-based RegTech Hawk AI, which provides AML and fraud prevention technology to banks and payments companies, recently secured $17m in its Series B.
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