New York-based fintech Axoni has raised $20m in an equity funding round led by EJF Ventures, with participation from Laurion Capital Management and Communitas Capital, as well as existing backers. The funds will be used to advance its technology and expand globally.
Facts
- Axoni raised $20 million in an equity funding round led by EJF Ventures, with participation from Laurion Capital Management and Communitas Capital, as well as existing backers.
- Axoni offers core data infrastructure, application development, and automation tools to coordinate data across financial institutions.
- Its AxCore solution ensures that data is continually and automatically replicated in real-time, reducing costs, risks, and errors when data is moved between financial institutions.
- The funding will be used to facilitate further advancement of Axoni’s technology and global expansion.
- Axoni has raised over $110 million since its inception in 2017.
- Axoni’s existing backers include Andreessen Horowitz, Citi, CME Ventures, Coatue, DCG, Deutsche Bank, DCVC, FinTech Collective, F-Prime, Franklin Templeton, Goldman Sachs, HSBC, Intel Capital, JP Morgan, LSEG, Nyca Partners, UBS, Wells Fargo, and Y Combinator.
- EJF Ventures Managing Partner, Jonathan Bresler said, “modernising legacy financial infrastructure is essential as market participants grapple with the challenges of an increasingly real-time world.”
