/start ups

News and resources on fintech start-ups, scale-ups, hubs, accelerators, VCs and funding worldwide.

Deutsche Börse invests in capital markets fintech Primary Portal

Primary Portal, a digital platform that aggregates and digitises equity capital market processes for banks and asset managers, has completed the first stage of its £7.5 million Series A funding round led by the venture capital arm of Deutsche Börse.

Be the first to comment

Deutsche Börse invests in capital markets fintech Primary Portal

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

DB1 Ventures was joined by existing shareholders Dutch Founders Fund and Flow Traders in the raise for Primary Portal, the London-based startup founded by equity capital markets veterans John Bentinck and Ilan Leshem.

With over 90 banks and 400 institutional investors using the platform, Primary Portal is digitising the still largely analogue, labour-intensive and error-prone equity issuance space by creating the infrastructure that makes capital markets systems interoperable.

The firm says it will use the finding to expand its offering, particularly by connecting asset managers' order management systems with banks and providing data and analytical tools.

Stefan Maassen, head, capital markets and corporates, Deutsche Börse, says: "By digitising communication and workflows, Primary Portal paves the way for efficient connectivity between asset managers and banks in equity issuances, improving the process for companies to raise capital."

Sponsored [Impact Study] Payment Fraud in 2024: Who is Liable?

Related Company

Channels

Comments: (0)

[Webinar] Payment Orchestration: Remaining Relevant in Today’s MarketFinextra Promoted[Webinar] Payment Orchestration: Remaining Relevant in Today’s Market