TransFicc, a London-based provider specializing in low-latency connectivity and workflow solutions for the fixed income and derivatives markets, has successfully secured $25 million in Series B funding, with Citadel Securities leading the investment round.
In addition to Citadel Securities, BlackFin Tech and existing investors contributed to this financing, bringing TransFicc’s total capital raised to $50 million. The company has attracted backing from prominent investors including AlbionVC, Citi, HSBC, Illuminate Financial, ING, and neosfer.
TransFicc is focused on developing technologies that address challenges such as market fragmentation, complex workflows, data throughput, and regulatory compliance in the fixed income sector. Their flagship offering, the ‘One API for eTrading’ platform, facilitates connectivity to multiple electronic trading venues while accommodating various workflows across fixed income products. The company also provides data center solutions, e-trading services, and consolidated tap offerings.
With 20 market participants and three exchanges already among its clientele, TransFicc aims to leverage this recent funding to expand its presence in the EU and US markets.
Co-founder Tom McKee stated, “Trading firms in the fixed income sector face the dual challenge of expanding their venues and workflows while maximizing operational efficiency. The costs and time associated with establishing connectivity can be substantial. At TransFicc, we are committed to enhancing our venue and workflow support, enabling clients to establish connections more rapidly and cost-effectively.”