Moment, a company that automates trading and portfolio management for fixed income teams, has raised $36 million in Series B funding led by Index Ventures, bringing its total funding to $56 million.
This investment comes amid a significant shift in the fixed income market, characterized by:
- A tenfold increase in electronic trading volumes over the past decade.
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Rising interest rates driving demand.
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Financial institutions partnering with fintechs to update outdated systems.
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Advances in AI enabling new levels of workflow automation.
Many processes remain manual despite the growth. Moment’s platform combines trading, research, portfolio optimization, reporting, and compliance into one automated system, helping financial institutions improve their operations.
Leading firms use Moment to execute thousands of trades quickly, optimize complex portfolios, monitor compliance in real-time, and leverage AI to generate portfolios and reports efficiently.
How the funding will be used: This funding will be used to accelerate growth, advance partnerships with leading financial institutions, invest in research and development, and continue expanding its team in New York City.
KEY QUOTES:
“Demand for fixed-income has exploded, and leading financial institutions are capitalizing on this unique opportunity to seize market share. These firms are partnering with Moment to co-create the future of fixed income – empowering their fixed income teams with a differentiated platform to win new business, unlock eight-figure revenue channels, and genuinely 10x their productivity.”
Dylan Parker, CEO and co‑founder of Moment
“Moment’s platform is helping us reimagine what’s possible in fixed income. In my 25+ years of experience leading large fixed income teams, Moment is the innovative solution we’ve been waiting for and the only player in the market offering a single, unified fixed income platform for wealth management firms. Their technology enables our team to be 10x more efficient with their time while delivering enhanced execution for our advisors.”
Mike Haire, Senior Vice President of Fixed Income at LPL
“Moment’s fixed-income technology is so revolutionary that our senior leadership team has started weaving it into recruiting pitches with significant advisor teams. It demonstrates Sanctuary’s commitment to delivering best-in-class technology that supports our advisors’ businesses.”
Josh Freeman, Head of Capital Markets at Sanctuary
“Moment is tackling the world’s largest financial market with exceptional speed and rigor. Their unique blend of deep fixed‑income expertise and world‑class engineering is why the most selective financial institutions are choosing them as a strategic partner.”
Jan Hammer, Partner at Index Ventures, who was a board member at Robinhood and Adyen and will join Moment as a new board member
