Moment has successfully secured $36 million in Series B funding, led by Index Ventures, to enhance its platform dedicated to automating trading and portfolio management for fixed income teams.
Notable investors such as Andreessen Horowitz, Lightspeed Venture Partners, Venrock, Neo, and Contrary Capital participated in this funding round. Moment was founded by the team responsible for pioneering automated credit desks at Citadel Securities and Jane Street.
The platform developed by Moment integrates trading, research, portfolio optimization, reporting, and risk compliance into a cohesive system. Clients leverage this technology to execute thousands of trades per second through automated execution rules, optimize multi-asset class portfolios sensitive to tax implications across numerous accounts, and monitor all their trades in real-time for compliance breaches. Additionally, the AI-driven workflows enable users to generate portfolios directly from email requests, build transition proposals from PDFs almost instantly, and create client-ready reports complete with tailored commentary.
Following a recent partnership with LPL Financial, the largest independent dealer-broker in the U.S., Moment plans to utilize the new financing for further partnerships, research and development investments, and to grow its team based in New York.
“Dylan Parker, CEO of Moment, stated, ‘The demand for fixed income has surged, and leading financial institutions are poised to capitalize on this exceptional opportunity to expand their market share. These firms are collaborating with Moment to shape the future of fixed income, equipping their teams with a unique platform that enhances their capabilities, opens new revenue streams, and significantly boosts productivity.'”