Israeli 64m Seriesorbachctech Sharegain, an Israeli startup, has closed a $64 million Series B led by WestCap. The funding will further develop their Securities Lending as a Service (SLaaS) solution, which enables online brokers, private banks, and other financial institutions to lend stocks, ETFs, and more.
The company, founded in 2017, has created an automated platform that streamlines the securities lending process. Financial institutions can use Sharegain to handle all aspects of the loan process, from executing trades and managing cash collateral to settling, accounting, and reporting.
Israeli 64m Seriesorbachctech
By leveraging sophisticated machine learning capabilities and a proprietary rule-based engine, Sharegain has become an essential tool for financial institutions, providing better access to liquidity and helping them reduce operational expenses and time spent on manual processes.
The new round of funding will enable Sharegain to scale its operations, expand its presence in the UK and continental Europe, and further develop its AI-powered technology platform. WestCap partner Yaron Cohen will join the company’s board of directors as part of the deal.
Sharegain co-founder and CEO Itai Damti said: “The closing of this round is a major milestone for us. It reflects our great progress over the past two years in product development and customer acquisition. We are very excited to partner with WestCap, which brings a wealth of experience in financial services. We are confident this will begin a long and successful collaboration.”
WestCap Managing Partner Yaron Cohen added: “We believe that Sharegain has established itself as one of the most innovative and disruptive players in the market today, with a great team and a unique technology platform. We are very excited to partner with Sharegain on their journey as they continue revolutionizing the securities lending process for financial institutions worldwide.”
Sharegain has already secured partnerships with some of Europe’s leading banks, brokers, and asset managers. It is now looking forward to continuing its expansion and reaching even more customers with its innovative SLaaS solution.
The Israeli 64m Seriesorbachctech startup has developed a Securities Lending as a Service (SLaaS) solution, which enables online brokers, private banks, and other financial institutions to lend stocks, ETFs, and more. By leveraging sophisticated machine learning capabilities and a proprietary rule-based engine, Sharegain has become an essential tool for financial institutions, providing better access to liquidity and helping them reduce operational expenses and time spent on manual processes.
Conclusion
Sharegain has revolutionized the securities lending process with its innovative SLaaS solution. With the Israe64m Seriesorbachctech 1B led by WestCap, Sharegain is now positioned to develop its AI-powered technology platform further and expand its presence in Europe while continuing to provide financial institutions with better access to liquidity and lower operational costs.
