FINBOURNE builds a SaaS-based, cloud-native data management platform (LUSID) that delivers front-to-back functionality across portfolio management, fund accounting, order management, compliance and more. Its interoperable platform embeds entitlements, data lineage and utilisation metrics to democratise data and tackle fragmentation across the investment lifecycle. The platform exposes a network of data and functions for AI and ML ecosystems, positioning clients to capture upcoming AI-driven efficiencies. Over the last 12 months FINBOURNE has announced new client wins including Northern Trust, Omba Advisory and the Pension Insurance Corporation. The company says its solutions help investment and operations teams increase revenue, reduce costs and better manage risk. FINBOURNE’s go-to-market strategy and client roster have attracted investor interest, supporting continued expansion of its client base and product footprint. Finbourne builds a data platform that helps financial services and insurance firms organize and operationalize their data for AI and other models. Its product suite includes the LUSID Operational Data Store, investment and accounting books of record, a portfolio management platform that tracks positions, cash, P&L and exposure, and a data virtualization tool. The company also helps clients manage data for training models and expects to become more involved in that area. Finbourne positions itself as an alternative to in-house systems, targeting firms that prefer a single external platform rather than building bespoke tooling. Customers cited include Fidelity International, the London Stock Exchange Group, Baillie Gifford, Northern Trust and the Pension Insurance Corporation. The company competes with incumbents such as BlackRock’s Aladdin, SimCorp, State Street Alpha, GoldenSource, Broadridge, Enfusion, SS&C Eze and others. Finbourne Technology provides LUSID, a cloud-native, API-centric financial data stack that ingests and translates multiple complex datasets to simplify investment data management. The platform serves the investment industry from hedge funds to global institutions and aims to lower the cost and complexity of investment data processes. The company plans to extend its value proposition beyond investment management into banking and capital markets and to release new SaaS capabilities across portfolio and fund accounting to support asset servicers' digital transformation. Finbourne has expanded globally, opening offices in New York and Singapore to enable a 24/7 follow-the-sun support model and to target local opportunities. The company grew headcount nearly 50% in 2022 and now has over 190 employees worldwide. It recently secured a £30M debt facility to fund its expansion and product roadmap.

Total raised

$107M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2024