T-REX Raises Strategic Funding Round From Citi, Westly, And Viola Fintech

By Dan Anderson ● September 9, 2019
  • Leading analytics company T-REX recently announced that it raised a new round of funding led by Citi, the Westly Group, and Viola Fintech

T-REX — a leading analytics and data solution for complex investments — announced a new round of funding led by Citi, the Westly Group, and Viola Fintech with participation from innogy and Macquarie Capital. T-REX is known for filling a critical technology gap for this $30 trillion market by digitizing and standardizing data and unifying workflow. And the new funding will accelerate expansion of T-REX’s enterprise data management service and analytics platform for institutional investors, banks, and asset originators across alternative markets.

“T-REX deepens understanding of valuation and risk across complex investments, benefitting our clients, industry sectors, and financial markets at large.” Cohen continued, “We are delighted to be backed by the most influential players in structured and project finance, Citi and Macquarie Capital respectively, and are now positioned to drive capital markets innovation globally,” said T-REX CEO Benjamin Cohen.

Citi is backing T-REX through its Spread Products Investment Technologies (SPRINT) initiative within the Citi Markets FinTech Investments program.

“T-REX is a unique fixed income capital markets solution that tracks the complete lifecycle of illiquid and alternative assets,” added Citi’s Head of Sprint Matt Zhang. “This makes it both a strategic investment and a valuable tool for our business.”

T-REX was built to empower responsible finance and is redefining how markets approach complex investments. And the T-REX solutions bring unprecedented transparency across the lifecycle of alternative assets, opening up access to these markets while simultaneously enhancing fiduciary responsibility. The strategic growth capital enables T-REX for addressing growing demand for turnkey solutions from lending and structuring to investment decision-making and ongoing surveillance.

“T-REX is without a doubt the key to unlocking the floodgates of capital across alts. It uniquely simplifies workflow and strips out perceived investment risk by digitizing data and automating processes,” commented Viola Fintech founded and general partner Prof. Daniel Tsiddon.

Along with the investment, T-REX has added Tsiddon to its board as well as Westly principal and fintech entrepreneur Timothy Wang.

“T-REX’s impact-driven technology is a natural fit in our portfolio,” explained Steve Westly, a managing partner of the Westly Group. “Powered by a disruptive commercial model and a world-class leadership team, T-REX has quickly become the go-to solution for our global utility LPs and other alternative investment professionals.”