Total amount raised
$5.3 Billions
Latest funding date
8/1/2023
Location
Finastra has successfully raised significant funding through various rounds, with its latest being a debt financing round on August 15, 2023. The company is backed by notable investors, including Blue Owl and Oak Hill Advisors.
Keep reading to delve into the details of Finastra's funding journey and the key investors supporting its growth in the financial software industry.
What Is Finastra?
Finastra, founded in 2017, emerged from the merger of Misys and D+H. The company is headquartered in Paddington, Westminster, United Kingdom.
Co-founded by Kevin Lomax and Roger Morgan, Finastra offers a wide range of financial services software solutions. These include products for retail banking, transaction banking, lending, and treasury and capital markets.
With a workforce of 5001-10000 employees, Finastra serves a diverse clientele, from global financial institutions to community banks and credit unions.
How Much Funding Has Finastra Raised?
- Debt Financing
- Amount Raised: $5.3B
- Date: August 2023
- Lead Investors: Oak Hill Advisors, Blue Owl Capital, HPS Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt.
- Venture Round
- Amount Raised: $800K
- Date: April 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion.
- Grant
- Date: February 2021
- Lead Investors: BIRD Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund specific projects or initiatives.
- Venture Round
- Date: January 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel innovation and product development.
Finastra has raised a total of $5.3B. The current valuation is not publicly disclosed.
Key Investors
- Blue Owl Capital
- Details: Blue Owl Capital is an asset management firm that focuses on direct lending and other private credit strategies. It was formed through the merger of Owl Rock and Dyal Capital.
- Investment Focus Areas: Direct lending, private credit, asset management.
- Notable Investments: Not publicly disclosed.
- Oak Hill Advisors
- Details: Oak Hill Advisors is a private investment firm specializing in credit and distressed investments. The firm manages a diverse portfolio across various sectors.
- Investment Focus Areas: Credit, distressed investments, private equity.
- Notable Investments: Not publicly disclosed.
- HPS Investment Partners
- Details: HPS Investment Partners is a global investment firm with a focus on private credit and equity investments. The firm manages assets across a range of strategies.
- Investment Focus Areas: Private credit, equity investments, asset management.
- Notable Investments: Not publicly disclosed.
- BIRD Foundation
- Details: The BIRD Foundation is a bi-national organization that supports joint industrial R&D between American and Israeli companies. It provides funding for innovative projects.
- Investment Focus Areas: Industrial R&D, technology, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Finastra?
Finastra's recent $5.3 billion loan package opens up significant opportunities for the company. By refinancing existing debt, Finastra can stabilize its financial footing, allowing it to focus on growth initiatives. This financial maneuver positions the company to capitalize on industry trends, such as the increasing size of private credit loans and a shift towards financial health over buyouts.
Looking ahead, Finastra's enhanced creditworthiness could attract future investments, paving the way for additional fundraising or strategic acquisitions. However, the company must navigate challenges like debt management and market volatility, which could impact its ability to meet financial obligations. Despite these hurdles, Finastra's strong lender confidence suggests a promising path forward.
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