Targeting Fund Managers, Obsidian Solutions Closes $500,000 Seed Round

Fresh from graduating from fintech Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term program Startupbootcamp London 2015, Obsidian Solutions has announced the closing of a $500,000 seed funding round. At Startupbootcamp, Obsidian was one of several firms at the program creating products that focused on fund managers and financial advisors.

Obsidian’s flagship solution is FundBinder, with a focus on asset managers such as hedge funds, managed accounts, family offices and mutual funds. The product is both a front and back end solution to help firms digitalize their operations. Included is a client portal for customers to review and analyze their portfolios, post-trade data management, trade reporting and investor relations features.

Compared to other segments of finance such as Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term and banking, of which there is a constant stream of new products being introduced by both startups and larger global players, the asset management sector has been one of the slower adopters of digital solutions. As such, Obsidian is one of a growing breed of fintech firms targeting this sector with solutions to help them both better support customers as well as perform back office processes.

Commenting on the funding, Lazar Radenovic, co-founder of Obsidian, stated: “We are excited to have the support of a great mix of experienced institutional and private investors in London who understand the forward momentum of FinTech and its growth potential in the asset management space. The funding will allow us to continue expanding our product offering to meet the ever changing needs of our industry”.