Provable Markets offers front-to-back trade lifecycle management and post-trade solutions for cleared and uncleared securities financing transactions through its cloud-native Aurora ATS and accompanying post-trade platform. The Aurora ATS uses a novel matching engine and deep connectivity to market utilities, including DTCC subsidiaries NSCC and DTC, the OCC, and tri-party agents, to automate workflows and streamline handoffs. The company reported processing over $30 trillion in monthly order volume for four consecutive quarters, indicating strong platform usage and growth. Provable Markets is an SEC-registered broker-dealer, a FINRA member and a SIPC member. Management says the business delivers execution optimization, operational efficiency, cost reduction and risk mitigation across the securities finance value chain. Following its Series B investment led by Charles Schwab with participation from DTCC and existing backers, the company plans to grow its commercial, product and engineering headcount and expand products and geography.

Total raised

$8M

Funding rounds

2

Latest round

Series A

Latest activity

May 2024