French banking group BNP Paribas has made an undisclosed an undisclosed investment in financial technology firm AccessFintech. 

With the investment, which is being made through BNP Paribas’s Securities Services unit, the French lender joins JPMorganGoldman SachsCitiBank of America and BNY Mellon as the fintech’s backers.

The funding forms part of AccessFintech’s $60m Series C investment round, which was announced in September 2022 and led by WestCap.

The additional funds will be used by AccessFintech to speed up its expansion as it penetrates new markets with its cooperative data management network.

AccessFintech says it leverages data and workflow collaboration to evolve the capital markets’ operating model. 

BNP Paribas global head of banks, brokers and corporates, securities services Bruno Campenon said: “This investment is part of our strategy to partner with innovative technology companies to expand and digitalise our offering and give our clients access to the latest technologies. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“AccessFintech’s solutions will provide concrete benefits to our clients – and the industry as a whole – through greater operational efficiency and optimised risk management.”

BNP Paribas hopes to leverage AccessFintech’s solutions to provide clients with the technology, data and workflow tools. 

In addition, the lenders’ clients will also get access to AccessFintech’s Synergy data collaboration network to enhance operational efficiency. 

AccessFintech CEO Roy Saadon said: “The innovation we are delivering in the data collaboration arena is a great complement to BNP Paribas’s push to drive the market forward. Their understanding of disruptive technology, coupled with our shared vision, will enable AccessFintech to grow and execute the next stage of our development.”