• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    Last Update:
    27 Jun, 2019
    Phone:
    +1 917-488-6050

Description

FOCUS

PRODUCTS & SERVICES:
Finomial provides investor end to end services which includes : FATCA / CRS / TAX Services : It analyzes investor data and identifies investors where FATCA declaration is required. It automatically coordinates outreach to investors for FATCA declarations using online email generation and tracking, thereby helping investors to respond to FATCA inquiries in real-time. data capture and analysis. It also automates the process of collecting W-8 and W-9 forms and archives or audit logs of all data collection processes. It provides management analytics on the status of FATCA declarations by fund, investor and investment balance. Finomial AML: It provides Anti-Money Laundering compliance in the context of the client profile, their activity, and the complex relationships between clients and counterparties. This may include solutions like Risk-Based Approach, Audit & Reporting, Customizable Rules Engine and connecting with Global & Local Data. Finomial KYC provides a collaborative process with the clients and counterparties and provides analytics solutions to the cross country boundaries and business lines.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Trade settlement- to provide FATCA(Foreign Account Tax Compliance Act) to the syndicated loan market.
COMMENT
Finomial provides access to real-time transactions, performance reporting, and all compliance activity in one single platform

PEOPLE

FOUNDERS:
Meredith Moss, Subhra Bose
Board Members and Advisors:
Matthew Cowan, David Feldman, Katherine Collins, Meredith Moss, William Donaldson
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Silver 8 Capital
KEY EMPLOYEES:
Meredith Moss(CEO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.6 Millions
DATE OF LAST FUNDING:
Feb 2018
TOTAL FUNDING COMMENT:
The company will use the funds to extend its current technical advantages as a single global SaaS platform with advanced geolocation of data across jurisdictions and reporting expertise in every global market. (Feb. 2018)
SEED & PRIOR FUNDING:
$1.6 Millions
SEED CLOSED ON:
Feb 2018
SEED PRIOR FUNDING COMMENT:
An undisclosed strategic investment raised from Silver 8 Capital in February 2018.
FUNDING SERIES:
SERIES A
$2.72 Millions Closed: Feb 2016
LISTED:
NO
COMMENT:
Debt funding: $720 K(Sep 2015) and An undisclosed strategic fund raised in Jan 2018.

LATEST RESEARCH