FX HedgePool, a peer-to-peer matching platform for institutional foreign exchange transactions, has raised $8 million in a Series A funding round led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate venture capital arm.
FX HedgePool, a peer-to-peer matching platform for institutional foreign exchange transactions, has raised $8 million in a Series A funding round led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate venture capital arm.
The investment will accelerate a multi-product strategy aimed at delivering further efficiencies for its growing network of investment managers and banks. In line with its community-centric innovation philosophy, FX HedgePool is launching the FXHP Innovation Pool, a community in which leaders in finance collaborate to address industry challenges by pushing the boundaries of technology to revolutionise the world’s largest financial marketplace.
Since its launch in January 2020, FX HedgePool has facilitated over $4 trillion in matched foreign exchange trades for dozens of firms. Institutional level peer-to-peer trading has long been considered elusive, but the Company has proven its viability and helped the market improve scale, efficiency and transparency while enhancing investor performance.
