British fintech process automation startup Nivaura has landed a $20 million funding round led by London Stock Exchange Group, with participation from Allen & Overy, Linklaters, Santander InnoVentures, and Transamerica Ventures.
Nivaura, which was founded in the UK in 2016, focuses on the deployment of digital investment banking platforms for banks, exchanges and other financial institutions. It introduces automation of manual processes involved in the issuance and administration of instruments such as any form of debt, equity, and structured products, and connects them into a coherent flow.
“Our focus for 2019 is on conducting a series of high profile, large-scale projects with high calibre partners to demonstrate our platform as a valuable solution across the full spectrum of capital markets primary issuance activities,” said Avtar Sehra, CEO of Nivaura. “Working with such partners with their wealth of experience will underpin our next phase of growth.”