What is LoopFX?
LoopFX operates as a dark pool, pioneering a novel PeerToBank matching protocol within the Foreign Exchange (FX) market. The platform is designed to enable Asset Managers and Banks to execute large offsetting trades with complete anonymity, thereby preventing information leakage. Trades are matched at a mid-market rate, offering a competitive advantage. Asset Managers can integrate LoopFX seamlessly into their existing workflows via collaborations with leading platforms such as FX Connect. In a paradigm shift, Banks are compensated for providing liquidity within the LoopFX ecosystem.
How much funding has LoopFX raised?
LoopFX has raised a total of $3.3M across 1 funding round:
Other Financing Round
$3.3M
Other Financing Round (2024): $3.3M with participation from Augmentum Fintech
Key Investors in LoopFX
Augmentum Fintech
Augmentum Fintech is a prominent investment firm focused on fast-growing fintech businesses that are disrupting the financial services sector. As the UK's sole publicly listed investment company dedicated to fintech in the UK and Europe, it provides patient capital and support to businesses, unrestricted by conventional fund timelines.
What's next for LoopFX?
The substantial enterprise-level funding positions LoopFX for accelerated growth and market penetration. This strategic investment is expected to fuel the expansion of its proprietary PeerToBank matching protocol, further solidifying its position as a disruptor in the FX market. The company is poised to enhance its platform capabilities, broaden its network of banking partners, and deepen its integration with asset management workflows, aiming to redefine liquidity provision and trade execution in the global foreign exchange landscape.
See full LoopFX company page
