Hidden
Road, a global credit network, announced on Thursday that it had closed a $50
million Series A led by Castle Island Ventures.
According
to the press release, Citadel Securities, FTX Ventures, Uncorrelated Ventures,
Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading,
Coinbase Ventures and Corner Capital, among other investors, participated in
the funding round. Michael Higgins is the director of the firm and a former FXCM
senior executive.
Across
venues, products, and asset classes, Hidden Road’s quantitative platform
provides real-time risk management and seamless credit. For both traditional
and digital assets, the company offers prime brokerage, clearing, and financing
services.
“Hidden Road
solves many of today’s problems in credit intermediation and prime brokerage
caused by legacy technology, archaic workflows and conflicts of interest. Among
these problems is the difficulty that institutional investors have in getting
the credit and financing they need to trade efficiently across fragmented
global markets,” the firm noted in the announcement.
Finance Magnates has reached Michael Higgins for any comments about the funding. We’ll update this article with the comment accordingly.
Recent Funding Rounds
In recent
funding rounds announcements in the fintech sphere, revenue-based financing
platform, Bloom recently announced that the company had secured £300 million in
its Series A investment round. Led by Credo and funds managed by Fortress
Investment Group LLC, the funding will help Bloom achieve its mission of
providing support to digital entrepreneurs in Europe.
As part of
the mentioned transaction, Christopher Dailey, the Co-Managing Partner of
Credo, will join the company’s Board. Additionally, he will play an important
role in Bloom’s expansion across different regions. Hickson is an experienced
fintech executive. In his extensive career, he worked with Morgan Stanley for
more than 15 years and held different roles, including the position of
Executive Director of Technology Business Development.
Hidden
Road, a global credit network, announced on Thursday that it had closed a $50
million Series A led by Castle Island Ventures.
According
to the press release, Citadel Securities, FTX Ventures, Uncorrelated Ventures,
Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading,
Coinbase Ventures and Corner Capital, among other investors, participated in
the funding round. Michael Higgins is the director of the firm and a former FXCM
senior executive.
Across
venues, products, and asset classes, Hidden Road’s quantitative platform
provides real-time risk management and seamless credit. For both traditional
and digital assets, the company offers prime brokerage, clearing, and financing
services.
“Hidden Road
solves many of today’s problems in credit intermediation and prime brokerage
caused by legacy technology, archaic workflows and conflicts of interest. Among
these problems is the difficulty that institutional investors have in getting
the credit and financing they need to trade efficiently across fragmented
global markets,” the firm noted in the announcement.
Finance Magnates has reached Michael Higgins for any comments about the funding. We’ll update this article with the comment accordingly.
Recent Funding Rounds
In recent
funding rounds announcements in the fintech sphere, revenue-based financing
platform, Bloom recently announced that the company had secured £300 million in
its Series A investment round. Led by Credo and funds managed by Fortress
Investment Group LLC, the funding will help Bloom achieve its mission of
providing support to digital entrepreneurs in Europe.
As part of
the mentioned transaction, Christopher Dailey, the Co-Managing Partner of
Credo, will join the company’s Board. Additionally, he will play an important
role in Bloom’s expansion across different regions. Hickson is an experienced
fintech executive. In his extensive career, he worked with Morgan Stanley for
more than 15 years and held different roles, including the position of
Executive Director of Technology Business Development.
