Accel-KKR’s strategic investment will facilitate MarketFactory’s expansion into new markets and services
MarketFactory has secured an undisclosed amount of funding from Silicon Valley investment firm Accel-KKR, which will enable the foreign exchange technology platform to expand its range of services and into new markets globally.
Accel-KKR focuses its investments on software and IT-driven middle-market companies with a high potential for top- and bottom-line growth. The firm’s investment in MarketFactory is the eleventh such venture in its $5 billion portfolio of assets.
New York-based MarketFactory offers cloud-based solutions that minimise the IT burden of market participants. In addition to its Whisperer product, which provides low-latency connectivity to more than 85 foreign exchange venues through a single API, MarketFactory offers a data solution with one of the largest FX tick stores.
“MarketFactory’s platform provides detailed data about the currency market that helps traders to innovate,” says Darren Jer, chief executive and co-founder of MarketFactory. “We are very excited to find the right partner in Accel-KKR, who understands the market structure importance of our business and growth trajectory.”
Read the full article here on FXWeek’s website.