AlbionVC led a $17m Series A funding round in TransFICC.

AlbionVC, a technology investment arm, led a $17m Series A funding round in TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, with participation from Citigroup, HSBC, Illuminate Financial, ING Ventures, and Main Incubator. “As banks and asset managers focus on automating trading workflows to deliver increased efficiency, TransFICC’s ‘One API’ has been implemented at some of the largest Fixed Income trading banks and Exchanges. As we build on this success, we are very happy to have attracted additional investment from our existing shareholders, which will be used to expand our Engineering teams, develop new products, open new offices in New York and Brussels, and add to our salesforce," Steve Toland, TransFICC Co-Founder.