OpenFin, the operating system (OS) enhancing enterprise productivity, today announced a major step forward with $35m Series D investment secured.
A leader in financial technology, OpenFin is fast becoming a standard in financial services, providing innovative digital experiences and next-generation applications for clients and employees alike.
This latest funding round, totalling $35m, was spearheaded by Bank of America, with significant support from Pivot Investment Partners and ING Ventures. Other investors that bolstered the round included CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners.
The New York-based FinTech, OpenFin, offers a web-based OS, now being used by more than 3,800 banks, wealth and asset management firms across 60+ countries. It’s standout offering, the OpenFin Workspace, provides a visual interface for its OS, offering an app launcher, notification centre, universal search, an enterprise browser with default interoperability, and app store capabilities.
With these features, OpenFin simplifies and unifies user experience across both internal and third-party applications, significantly boosting productivity and reducing operational risk.
OpenFin intends to channel the new funding into accelerating the adoption of OpenFin OS across the financial industry and beyond. Their focus is to help companies enhance their digital capabilities and increase productivity by cutting down on the “toggle tax” – the time wasted switching between multiple applications throughout the day.
Pivot Investment Partners co-founder and managing partner Dinkar Jetley said, “OpenFin provides the financial industry with a truly open workspace platform that is unrivalled when it comes to app distribution, security, interoperability, scale and governance. We have backed OpenFin’s vision since 2015 and are delighted to support the company as they expand across the financial sector and beyond.”
Previously, OpenFin expanded into the government sector through a strategic partnership and investment from In-Q-Tel (IQT) last year.
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