Simudyne closes USD 6 mln Series A fundraise

Tuesday 9 April 2019 00:31 CET | News

UK-based fintech startup Simudyne has closed a USD 6 million Series A fundraise, led by Barclays alongside a set of institutions.

The new funding round includes Graphene Ventures, an early investor in Snap and Lyft, and Gauss Ventures, whose team were early investors in Revolut and Tandem, bringing total capital raised to USD 10 million.

The new funds will help Simudyne expand its staff and accelerate its engagement with the financial services sector.

It will also continue to expand the application of its software beyond bank stress testing, financial risk and contagion management. New applications include market execution as well as anti-money laundering.

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Keywords: Simudyne, fintech, Barclays, financial risk, AML, UK
Countries: World

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