FinTech Magazine - June 2022 | Page 35

SAPHYRE

2017

Company founded

US $ 18.7mn value of the Saphyre Series A funding round

65 +

Number of employees show these financial institutions . Think for a minute . A lot of these institutions have armies of people manually doing stuff in Europe , North America , Asia Pacific . There ' s been a trend lately in finance that offshoring was the answer , but inflation is making the gross profit margins not much more achievable when you still have the overhead offshore .
“ So they ' re not getting that straight through processing experience and now these institutions see that you do it one time upfront in the pre trade space and you create this connective tissue .
You get all these efficiencies end to end . Now they ' re willing to put their names
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