Augmentum Fintech has made a strategic £2.6 million investment in LoopFX, a pioneering peer-to-peer FX trading platform based in London. This investment marks Augmentum as the first institutional investor in LoopFX, underscoring its commitment to supporting innovative fintech solutions in the capital markets.
LoopFX provides a groundbreaking independent venue for large spot FX trades, enabling real-time matching between traders, asset managers, and banks. This platform stands out by offering mid-market rates and preventing information leakage, significantly reducing trading costs and enhancing best execution processes.
Tim Levene, CEO of Augmentum Fintech, highlighted the investment’s significance: “We are increasingly focusing on the opportunity in the capital markets space, where we see a trend in incumbents opting to collaborate and partner with innovative early-stage companies. LoopFX is a textbook example of a fintech operating in the capital markets in partnership with blue-chip financial institutions. It brings efficiencies in trading and price discovery to the FX market, helping market participants comply with best execution requirements.”
LoopFX’s innovative ‘Peer-To-Bank’ matching technology has already been integrated into State Street’s FX Connect and FactSet’s Portware, further solidifying its position as a leader in the FX trading space. Augmentum’s backing, known for supporting fintech giants like Tide and Zopa Bank, is set to propel LoopFX’s growth and impact on the market.
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