Nivaura, a fintech automation startup headquartered in London, UK, as per a recent press release statement has raised $20 million in a recent funding round. The investment funding round (a mix of seed and seed extension capital) was led by London Stock Exchange Group and was participated by other investors which include international law firm – Allen & Overy, Linklaters, Santander InnoVentures and Transamerica Ventures.
According to Dr. Avtar Sehra, CEO, Nivaura, the company’s focus this year is to engage with high caliber clients to conduct a series of high profile, large-scale projects which in turn will help Nivaura demonstrate its platform’s capabilities across the full spectrum of capital markets primary issuance activities. Concluding Dr. Sehra said that working with such high caliber clients, who’ve abundant experience, will help them underpin the company’s next phase of growth.
The London-based Nivaura, which was founded three years ago in 2016, is capable of connecting and automating the issuance and instruments administration process which includes any form of debt, equity, and structured products. Furthermore, the startup reckons this automation for certain transaction types, can reduce time to market by 60-80%, helping clients cut costs and ensure compliance.
The recent investment funding will be used by the company to further expand its leadership, business development and technical teams to help them “ramp up expertise” across machine learning (ML) & natural language processing, to increase their R&D budget, and to expand into the US and Asian Markets.