TransFICC Boosts Global Expansion with £20m Series B Funding

Deal News | Apr 09, 2025 | Business Cloud

TransFICC, a London-based company known for its low-latency connectivity and workflow services in the fixed income and derivatives markets, has successfully raised £20m in its Series B funding round. The latest investment brings TransFICC's total funding to £39m, underlining the strategic expansion of its presence with data center hosting across North America, Europe, and Asia. The funding round was spearheaded by Citadel Securities, with additional contributions from BlackFinTech and existing investors. Amit Bhuchar from Citadel Securities praised the company for its role in shaping the future of fixed income market making, focusing on increased automation and efficiency. Co-founder Steve Toland highlighted the demand for automated solutions driven by structural changes in the market, such as the adoption of algorithmic tools and the growth of fixed income ETFs. The recently launched TransACT platform is set to expand its coverage to include asset classes like Government Bonds, IRS, and Repo.

Sectors

Financial Services
Technology

Geography

United Kingdom – TransFICC is headquartered in London, making the UK a central location for its operations.
Global – TransFICC has data center hosting in North America, Europe, and Asia, indicating a global operational scale.

Industry

Financial Services – TransFICC operates within the financial services sector, particularly focusing on fixed income and derivatives markets.
Technology – The company's services emphasize low-latency electronic trading technology and connectivity solutions, critical for modern financial markets.

Financials

£20m – Series B investment raised by TransFICC.
£39m – Total capital raised by TransFICC to date.

Participants

Name	Role	Type	Description
TransFICC	Target Company	Company	A provider of low-latency connectivity and workflow services for the fixed income and derivatives markets.
Citadel Securities	Lead Investor	Company	A significant player in securities trading, leading the Series B funding for TransFICC.
BlackFinTech	Investor	Company	Participated in the Series B funding round for TransFICC.
Steve Toland	Co-founder	Person	Co-founder of TransFICC, involved in the company's strategic development and expansion.
Amit Bhuchar	Head of FICC Liquidity solutions	Person	Representative from Citadel Securities commenting on the investment and partnership with TransFICC.