Citi, a New York, NY-based leading global bank, as per recent reports this week, has stepped in, announcing an undisclosed strategic investment in ChartIQ, a Charlottesville, Virginia-based fintech firm whose desktop integration platform – Finsemble is apt at solving the legacy software problem.
This deal is an additional add on to ChartIQ’s recently closed $17.4 million Series B round, led by Digital+ Partners, a München, Frankfurt-based investment management firm.
The Finsemble platform, by linking applications together, allows legacy software users to continue to support older platforms while working with new web technologies, in-house applications, and third-party systems.
Dan Schleifer, CEO and co-founder, ChartIQ, in his statement, says that the company is honored by Citi’s investment decision and belief in the firm’s “vision to unify the desktops of financial institutions”.
“This investment shows our confidence in ChartIQ as a leader in smart desktop technology,” says Kevin Foley, Managing Director – Markets Electronification at Citi. “Its solution, Finsemble, has the power to transform user experience and productivity by linking critical applications together in a seamless environment.”
The Finsemble platform has widespread applications and is used by companies across both the selling-side and buying-side, and by technology vendors.