What is Finomial?
Finomial is a financial technology company that automates critical processes for financial institutions, including client on-boarding, due diligence, and global regulatory reporting. Its software platform services over US$1.5 trillion in alternative assets worldwide, aiming to minimize friction in interactions between financial institutions and their investors. By delivering a digital client experience, Finomial enables General Partners (GPs) and Limited Partners (LPs) to concentrate on core objectives within a complex and evolving compliance landscape.
How much funding has Finomial raised?
Finomial has raised a total of $6.4M across 6 funding rounds:
Private Equity
$2.3M
Private Equity
$499K
Private Equity
$1.1M
Debt
$719K
Private Equity
$1.6M
Debt
$150K
Private Equity (2011): $2.3M with participation from Bridgescale Partners, L.P.
Private Equity (2013): $499K led by Bridgescale Partners, L.P.
Private Equity (2014): $1.1M, investors not publicly disclosed
Debt (2015): $719K featuring Feldman Advisors
Private Equity (2016): $1.6M backed by Bridgescale Partners
Debt (2020): $150K with participation from PPP
Key Investors in Finomial
Bridgescale Partners, L.P.
Bridgescale Partners is a venture capital firm that invests in high-potential private technology companies, offering both capital and access to an extensive network. They focus on disruptive investments in innovative technology firms poised for significant growth and market transformation.
Feldman Advisors
Feldman Advisors operates with a venture capital and advisory model, emphasizing hands-on collaboration with entrepreneurs before shaping and leading investment activities. Their approach suggests a strategic partnership focus.
PPP
Public-Private Partnership
What's next for Finomial?
The substantial enterprise-level capital infusion positions Finomial for significant scaling and further innovation in its compliance and client experience solutions. This strategic backing is expected to accelerate product development, expand market reach, and enhance its platform's capabilities to meet the growing demands of the alternative asset servicing industry. The company's trajectory suggests a focus on solidifying its market leadership and potentially exploring new avenues for growth within the fintech sector.
See full Finomial company page
