Tokyo Stock Exchange operator Japan Exchange Group Inc (JPX) announced that it has invested in UK-based fintech startup OpenGamma, taking a minority stake. OpenGamma raised $13.3 million in October from Accel Partners and Euclid Opportunities.
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Japan Exchange Group makes investment in fintech startup OpenGamma
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According to the fintech company OpenGamma, it will utilize the investment to expand its services I Japanese market. The size of the investment was not disclosed by the companies. "Having a strategic investor like JPX is really important, it really helps us in terms of credibility,” Peter Rippon, chief executive of OpenGamma stated. He also stated that the group’s established presence in capital markets will make OpenGamma as its ideal partner in achieving its objectives.
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