Saphyre, an AI-based platform for automating finance operations and trading workflows, announced it closed a $70 million growth equity investment from FTV Capital, a growth equity firm with a strong track record in high-growth capital markets technology companies. This funding will help Saphyre accelerate go-to-market efforts, support product innovation, expand globally, and deepen integration across the financial services ecosystem.
Capital markets participants—buy-side managers, asset owners, sell-side banks, and asset servicers—rely on outdated, manual processes for exchanging onboarding data, causing inefficiencies. Financial institutions face increasing pressure to improve speed, transparency, and control, requiring solutions to automate onboarding, enhance client experience, and speed up turnaround.
Founded in 2017, Saphyre has a proprietary, memory-driven platform that streamlines onboarding by digitizing pre-trade data and maintaining context across fund lifecycles. The platform allows counterparties to be ready-to-trade in as little as 24 hours, reducing fund launch times and cutting up to 75% of redundant post-trade activities. By establishing a centralized data source in pre-trade, Saphyre prevents issues downstream and enables near real-time trade settlement, improving operational control, risk oversight, and regulatory compliance, including T+1 settlement.
Saphyre’s interoperability network integrates with leading industry platforms and serves over 75 major financial institutions, managing thousands of accounts and more than $3 trillion in assets.
New board member: As part of this investment, Mike Cichowski of FTV will join the Saphyre board of directors.
KEY QUOTES:
“This investment marks a major milestone in Saphyre’s mission to revolutionize financial services workflows with our patented AI technology and exceptional commitment to our clients. FTV Capital stands out as a partner that not only understands the structural inefficiencies in this space, but also brings deep relationships across our core client base and a strong track record of scaling capital markets technology companies. It’s incredibly rewarding to see our team’s relentless innovation recognized by such a reputable investor, and we’re just getting started.”
Gabino Roche, Jr., CEO and founder of Saphyre
“Despite the rapid pace of innovation in financial services, middle-office workflows continue to rely on outdated and fragmented processes. Saphyre has grown rapidly as a category leader in automating account and fund onboarding through its differentiated platform and cloud-native architecture, which enables seamless data sharing between investment managers, asset owners and the sell-side and benefits from a powerful network effect that strengthens with each new client. We’re excited to support Gabino and the Saphyre team as they scale and continue to unlock efficiencies through automation for their rapidly growing blue-chip client roster.”
Mike Cichowski, partner at FTV Capital
“BNP Paribas remains a committed partner to Saphyre and supports the innovation the company is continuing to bring to the industry.”
Junaid Baig, head of strategic investments and co-head of strategy at BNP Paribas
