About OpenFin
OpenFin provides a modern operating system tailored for the financial industry, serving clients such as banks, asset managers, and hedge funds. Its main product acts as a foundation for financial applications, allowing seamless integration and interaction between various software tools. This enhances desktop productivity by offering features like powerful layouts, unified notifications, and smooth data flow between applications. Unlike its competitors, OpenFin focuses specifically on the needs of financial professionals, ensuring a more connected and efficient workflow. The company's goal is to empower financial institutions to achieve digital transformation quickly and effectively through its suite of products and services.
New York City, New YorkHeadquarters
2010Year Founded
$89.5MTotal Funding
SERIES_DCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees
Risks
Emerging fintech startups may erode OpenFin's market share.
Over-reliance on key partnerships like Finastra poses potential risks.
Regulatory changes in data privacy could require costly platform updates.
Differentiation
OpenFin offers a unique operating system for financial applications integration.
The company provides seamless interoperability between financial software tools.
OpenFin's Workspace product enhances desktop productivity with unified notifications and data flow.
Upsides
OpenFin's partnership with Finastra expands its reach in treasury management systems.
The rise of 'Workspace as a Service' aligns with OpenFin's Workspace 'Anywhere' technology.
Increased demand for low-code platforms supports OpenFin's Microsoft 365 integration.
Funding
Total raised$89.54 M
Latest valuation$175.00 M
StageSERIES_D
LATE VC
10/31/2022$10
$85.00 MSERIES C
10/31/2019$5
$85.00 MSERIES B
1/31/2017$15
$45.00 MCONVERTIBLE
3/31/2015$3
SERIES A
3/31/2014$4
$20.00 MSEED
5/31/2012$2
$9.50 M