New York based financial infrastructure platform has raised a $17m Series C led by Wells Fargo.
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Wells Fargo and Barclays back fintech company OpenFin
Founded in 2010, the company has developed an operating system that enables financial institutions to more easily create and upgrade their computer applications, similarly to how consumer apps are updated on smartphones. This can help large firms cut down on the time and money needed to modernize the software they use for a wide array of both front- and back-office functions, such as trading or risk management. It would otherwise take between 6 to 18 months for a financial institution to deploy or update an application, OpenFin said.
