KOR Secures Series B Funding to Propel Global Expansion Initiatives
KOR Secures Series B Funding to Propel Global Expansion Initiatives
KOR, a prominent player in the fintech sector specializing in global reporting services and trade repositories, has announced the successful completion of its Series B funding round. The round was notably led by Macquarie Capital, with continuing support from existing investor Mosaik Partners. This achievement is regarded as a pivotal moment for KOR as it seeks to reshape trade and transaction reporting while expanding its footprint across international markets.
The recent funding underscores the unwavering confidence investors have in KOR's goal to simplify intricate compliance requirements within global derivatives and capital markets. With the capital raised during this Series B round, KOR is poised to enhance product innovation, increase operational scale, and expand its coverage of various global reporting frameworks.
Jonathan Thursby, the founder and CEO of KOR, expressed enthusiasm about the funding, highlighting how it validates the noteworthy progress his team has made in delivering distinctly tailored, high-performance reporting solutions. He stated, “We are excited to accelerate our growth and extend the most advanced trade reporting platform through our partnership with Macquarie Capital.”
KOR has shown remarkable momentum through its recent product launches in the United States, Canada, the United Kingdom, the European Union, and the Asia-Pacific region. Its platform is engineered to provide institutions with precision, transparency, and operational efficiency as they navigate increasingly complex reporting demands in a dynamic regulatory landscape. The rapid expansion is largely attributed to the adoption of KOR’s services among top-tier banking institutions, asset managers, trading platforms, and other sectors that value the company’s unique blend of regulatory insight and innovative technology.
As part of the growth strategy facilitated by the Series B investment, KOR plans to further strengthen its engineering and client success teams, invest in advanced reporting capabilities, and explore new strategic ventures. The company aims to ensure its clients can meet their derivatives reporting obligations with unparalleled efficiency and a user-centric approach.
About KOR
Founded in 2021, KOR is based in the United States and focuses on designing innovative technology tailored for the derivatives market. KOR Reporting Inc. functions as a globally licensed operator of derivative trade repositories, while KOR Financial Inc. provides a comprehensive array of modular services enabling market participants to satisfy their reporting mandates with optimal efficiency, complete processing transparency, and ample self-service features. The KOR team is composed of former trade repository heads, leading industry experts, and pioneering technologists dedicated to building a robust platform specifically for trade and transaction processes.
About Macquarie Capital
Macquarie Capital Venture Capital, the venture arm of Macquarie Group, leverages over 30 years of experience in the advisory space to accelerate growth for companies through strategic partnerships and investments. Their focus is primarily on early-stage software companies in regions like Australia, Israel, the United Kingdom, and Continental Europe, particularly those innovating in cybersecurity, compliance, regulatory technology, and artificial intelligence.
About Mosaik Partners
Since its establishment in 2011 by industry veterans, Mosaik Partners specializes in investing in early-stage B2B fintech firms tackling challenges within the commerce and financial sectors. By utilizing their operational experience, they provide essential resources and know-how to empower promising entrepreneurs to achieve success. The firm has made significant strides in sectors including payments, software, capital markets technology, regulatory technology, and AI/big data, primarily operating from San Francisco.
For more information about KOR’s offerings or ongoing initiatives, interested parties can visit their website at www.korfinancial.com.
Topics Financial Services & Investing）
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