Transcend delivers a platform that harmonizes activity across bilateral, cleared and triparty collateral requirements, enabling banks and other financial institutions to allocate the most efficient collateral while improving liquidity and funding usage. Its software supports analytics, optimization and automation within a single business line or across an entire enterprise, giving clients real-time insight into cash and collateral positions. Founded and led by CEO Bimal Kadikar, the New York City-based company employs more than 145 domain experts. The firm plans to use newly secured capital to accelerate the global roll-out of its optimization technology and deepen product capabilities. A long-term business agreement with Citi positions the bank as both investor and client, underscoring market traction. Although revenue figures were not disclosed, the company’s growing customer base and recent strategic partnership highlight its commercial momentum.

Total raised

$10M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2020