Institutional technology provider FX Integral Development Corp has raised $30 million in growth funding from Vistara Growth, a provider of flexible growth capital to software and technology services companies.
Neil Kenley, Director of Vistara Growth said:
“We are excited to support Integral in their next phase of growth as they continue to scale the business. The Company’s platform has been able to deliver substantial value to its customer base through its sophisticated workflow automation and liquidity pooling capabilities.”
Integral operates a fully cloud-based forex trading platform that provides its global client base with a fully automated environment to manage the entire trading lifecycle. The platform also enables greater access to liquidity providers, integrations with intermediaries and enhanced workflow functions including price creation, distribution, risk management, data science and analytics.
“We have seen in global markets that banks and financial institutions have continued to rapidly replace many of their legacy systems on-premise or in-house built solutions, and Integral is well positioned to solve the cloud adoption needs of capital markets and foreign exchange departments with the modular SaaS platform’.
Proceeds from the growth funding will help expand Integral’s go-to-market teams and further develop the company’s product roadmap. Integral said it has seen increased market traction as financial institutions seek modern and automated platforms that can serve increasingly complex and global requirements. Financial institutions choose Integral as their FX trading platform as they provide a cloud-native solution that can better support their customer bases, minimize operational and market risk, and reduce internal costs.
Harpal Sandhu, CEO of Integral commented,
“At a time of growth and opportunity for Integral, Vistara has emerged as the perfect partner to support us financially through its investment and operationally through its network of dedicated professionals and strategic partners. The supportive relationship allows our team to focus on execution as we expand our market share and launch new products globally.”
About Integral
Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with nearly $60 billion traded, traded or exchanged daily on our network. First adopted by the financial markets, it is now invaluable to every global business across all industries – our enterprise cloud meets consumer, technology stack is already powering change and solving the monetary challenges facing every global organization. The company operates from offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.
About Vistara Growth
Vistara Growth provides highly flexible debt and equity growth solutions to leading technology companies across North America. Founded, managed and funded by experienced finance and technology operations executives, Vistara (Sanskrit for ‘expansion’) is focused on growth for the ambitious entrepreneurs we invest in, our investors, our people and the communities in which we operate.