OpenFin Lands Strategic Funding from ING Ventures

• OpenFin acquired a strategic funding from ING Ventures.
• The quantity of the funding was undisclosed, however provides to the corporate’s $47 million raised since 2010.
• ING is an OpenFin OS shopper. The corporate started utilizing OpenFin’s expertise final 12 months to speed up its desktop transformation technique.

Enterprise productiveness firm OpenFin acquired a strategic funding from ING Ventures this week. The quantity of the funding was undisclosed. The New York-based firm plans to make use of the funds to increase what it calls “the working system (OS) of enterprise productiveness,” or OpenFin OS.

OpenFin OS helps monetary providers organizations energy inner and customer-facing digital experiences. OpenFin counts greater than 2,400 banks, wealth administration companies in 60+ nations as OpenFin OS customers. Purchasers embrace 23 of prime 25 world banks, together with Barclays, JP Morgan, Goldman Sachs, HSBC, and extra. OpenFin is aiming to increase the OpenFin OS “to each consumer inside monetary providers.”

Right this moment’s investor, ING, is an OpenFin OS shopper. The corporate started utilizing OpenFin’s expertise final 12 months to speed up its desktop transformation technique. Because of the implementation, ING workers can entry intuitive workspace administration and automatic workflows, and in consequence improve their productiveness. 

“Our funding in OpenFin additional validates our willpower and dedication to digital transformation and innovation,” stated ING Ventures Co-Head Frederic Hofmann. “We’re excited to associate with OpenFin as they’ve confirmed to be the very best in school app platform on this house, remodeling distribution and considerably enhancing end-user productiveness throughout the finance trade.”

The quantity of right this moment’s funding spherical was undisclosed, and so was the quantity of OpenFin’s most up-to-date spherical it acquired in December 2020. Regardless of this, we all know that right this moment’s funding brings the corporate’s complete raised to north of $47 million because it was based in 2010. That’s the quantity of the earlier eight investments OpenFin acquired from traders together with Bain Capital Ventures, Barclays, CME Ventures, DRW Enterprise Capital, HSBC, J.P. Morgan, NYCA Companions, Pivot Funding Companions, SC Ventures, and Wells Fargo Strategic Capital.

Final April, OpenFin launched Workspace, a device to assist enterprise customers consolidate and automate their work throughout functions and duties utilizing a single interface. Since then, the corporate was awarded the “Finest Office for Change and Transformation” by Harrington Starr.

Picture by Karolina Grabowska