T-REX Closes Funding Round from Citi, Westly, Viola Fintech
T-REX Closes Strategic Funding Round from Citi, Westly, and Viola Fintech
Funds to Scale Digital Transformation Across Alternative Financial Markets
New York, September 4, 2019 – T-REX, the leading analytics and data solution for complex investments, today announced a new funding round led by Citi (NYSE: C), the Westly Group, and Viola Fintech, with participation from innogy (ETR: IGY) and Macquarie Capital. T-REX fills a critical technology gap for this $30 trillion market by digitizing and standardizing data and unifying workflow. 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.
Built to empower responsible finance, T-REX redefines how markets approach complex investments. 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 to address growing demand for turnkey solutions from lending and structuring to investment decision-making and ongoing surveillance.
T-REX CEO Benjamin Cohen said, “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.”
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,” said Matt Zhang, Head of SPRINT at Citi. “This makes it both a strategic investment and a valuable tool for our business.”
“T-REX’s impact-driven technology is a natural fit in our portfolio,” said Steve Westly, 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.”
Prof. Daniel Tsiddon, founder and general partner at Viola Fintech, added, “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.”
Concurrently with the investment, T-REX has added Tsiddon to its Board, as well as seasoned fintech entrepreneur Tim Wang, Principal at Westly.
T-REX combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure, and enhance performance for complex investments. T-REX solutions address friction at each stage of the asset lifecycle, from origination through investment. By empowering responsible finance, T-REX creates significant investment opportunities across the $30 trillion market of alternative investments. Visit www.trexgroup.com to learn about the Performance Data Service and financial analytics Platform for Loan and Asset Warehousing, Structured Credit, and Energy Project Finance.
An agile, nimble, and market-aware approach enables greater scalability.
The products transform operational efficiency by automating workflows.
The firm provides a microservices framework for capital markets.
MERJ exchange is partnering with London-based Globacap to distribute securities in Europe.
Early use case is to make pricing more efficient in securities lending.