MarketFactory has secured a strategic investment from Accel-KKR, a technology-focused investment firm based in Silicon Valley with over $5 billion in capital commitment.
In a release issued today, MarketFactory says the funding will accelerate its expansion into new markets and services for currency traders globally. However, a spokesperson for the firm declined to comment on the size of the investment.
“MarketFactory’s platform provides detailed data about the currency market that helps traders to innovate. We are very excited to find the right partner in Accel-KKR who understands the market structure importance of our business and growth trajectory,” says Darren Jer, CEO and co-founder of MarketFactory.
“MarketFactory has been laser-focused on bringing efficiency and data insight to the foreign exchange market and their customers recognise that commitment,” comments Samantha Shows, managing director and head of credit investing at Accel-KKR. “We are excited to back this management team as they continue to free traders to innovate in foreign exchange and digital currencies.”