London-based fintech company Finbourne Technology has secured £55M in Series B funding, led by Highland Europe and AXA Venture Partners (AVP). Under the leadership of CEO Thomas McHugh, the company specializes in providing investment management solutions and a cloud-native data management platform.
Finbourne Technology’s flagship product, LUSID, is a SaaS-based platform that offers a range of functions across portfolio management, fund accounting, order management, compliance, and more. With a focus on interoperability and scalability, LUSID enables clients to access a wealth of data and functionality to drive AI and ML programming ecosystems, transforming operational efficiencies.
The investment will be instrumental in the company’s plans to expand its sales, product offerings, and marketing efforts in key markets such as the US, UK, Ireland, Singapore, and Australia. Operating across North America, Europe, Asia, and Australia