LONDON, December 9, 2021 / PRNewswire / – Cassini Methods, Ltd, a number one supplier of pre- and post-trade margin evaluation and ensures for derivatives market members, right this moment introduced that it has simply accomplished a $ 20.5 million progress financing spherical led by Ten Coves Capital and joined by present investor, Mosaik Companions. The corporate will use the product to additional speed up its product improvement and enlargement into the worldwide market.
Regulatory modifications enacted after the 2008 world monetary disaster proceed to result in elevated margin necessities and demand for collateral for funding managers buying and selling over-the-counter (OTC) derivatives, futures, choices and associated merchandise. The absolutely built-in Cassini platform permits asset managers to evaluate and optimize the liquidity and value of transporting their varied buying and selling methods all through the buying and selling lifecycle, from pre-trade to intraday to post-trade. These instruments permit corporations to attain important value financial savings whereas bettering resilience to collateral constraints.
“This funding is a important subsequent step as we proceed to increase our operations and increase our world buyer base, which incorporates most of the world’s largest banks and asset administration corporations. With this newest funding, we sit up for deepening and increasing our options. , and proceed to supply the world-class service our prospects have come to anticipate, ”stated Liam huxley, founder and CEO of Cassini.
“Cassini suits completely with our technique of investing in main monetary know-how corporations with a robust platform for progress. The corporate operates on the intersection of three highly effective developments: (i) built-in information and analytics, (ii) optimization of liquidity and buying and selling prices within the capital markets, and (iii) regulatory compliance. Its popularity for offering highly effective instruments in partnership with a number of the world’s main portfolio and danger administration techniques allows Cassini to proceed to innovate and develop, ”stated Steve piaker, Managing Companion of Ten Coves.
As a part of the funding, Mr. Piaker joins the Board of Administrators of Cassini.
The extra funding from Ten Coves and Mosaik follows a yr of robust progress for Cassini, together with coming into into main new strategic partnerships and receiving business awards for its merchandise and office. The funds can be used to increase the corporate’s gross sales pressure and additional increase the capabilities of its extremely subtle analytics platform.
Howard Mergelkamp, Managing Companion of Mosaik Companions, added: “The Cassini crew has carried out effectively on all fronts since our preliminary funding in 2018, and we’re delighted to extend our funding alongside Ten Coves.
About Cassini Methods
Based in 2014, Cassini Methods affords an award-winning derivatives margin evaluation platform that gives business front-to-back margin and value evaluation all through the lifecycle of a transaction. Cassini customers can calculate any margin on any cleared or non-cleared spinoff asset; analyze the drivers and evolution of publicity to margins; cut back preliminary margin ranges; and maximize margin effectivity with the corporate’s superior superior algorithms. Cassini providers have a confirmed observe report in bettering portfolio returns at each stage of the day by day enterprise cycle, giving merchants and portfolio managers the power to immediately analyze within the pre-trade section the general value of a transaction. transaction. Main hedge funds, asset managers and Tier 1 banks belief Cassini for highly effective, versatile and automatic instruments to handle their OTC and exchange-traded spinoff portfolios. For extra data go to www.cassinisystems.com/.
About Ten Coves Capital
Ten Coves Capital invests in revolutionary, high-growth fintech corporations the place its capital, community and a long time of expertise can assist speed up progress and worth creation. By investing in funds, banking and lending, asset administration, capital markets and insurance coverage and advantages, amongst different segments, the Ten Coves crew has helped evolve almost 40 corporations that resolve business issues, allow workflows, and supply important infrastructure to the most important. monetary establishments to SMEs. For extra data go to https://www.tencoves.com/
Mosaik Companions is a enterprise capital agency situated in San Francisco. It’s a rising enterprise capital fund that invests in FinTech corporations. These corporations are reworking the best way customers and companies work together. The corporate provides buyers a head begin and supplies entrepreneurs with the capital, recommendation and connections mandatory for his or her success. Extra data will be discovered on Mosaik Companions at https://www.mosaikpartners.com/.
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SOURCE Cassini Methods