The round was led by HCAP Partners, with JP Morgan and BNP Paribas participating in the round. Terms of the investment were not disclosed. Saphyre’s AI-powered platform allows for direct collaboration between multiple financial parties related to the same client.
The platform digitizes all pre-trade data and documents, eliminating manual processes and allowing for expedited access to data throughout the trade lifecycle. Since its launch in 2017, Saphyre has received 104 issued patents and has been integrated with seven different platforms as part of its interoperability design.
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