Business · Companies · 3 hrs ago

LO:TECH raises $12 million to expand into the US and Asia-Pacific

LO:TECH raises $12 million to expand into the US and Asia-Pacific

London-based LO:TECH raised $12 million in a Series A funding round led by MMC, with other investors also taking part.

The firm builds trading infrastructure for traditional and digital markets that operate around the clock.

Traditional markets have usually kept set trading hours, while digital asset markets run continuously, creating a need for systems that can serve both.

LO:TECH also offers trading and execution services to help institutional clients trade across these markets.

The company says the funding will support expansion into New York and Singapore.

It plans to grow its services and explore regulatory licences in the markets it enters, including in the US.

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What people are saying

Tim MeggsCEO and co-founder of LO:TECH
Capital markets were built for a world that opened at 8am and closed at 4.30pm. That's not how risk is traded any more.
via Tech.eu
Marcus HorsleyCTO and co-founder of LO:TECH
Fintech and digital asset platforms are moving into territory that used to belong to Wall Street.
via Tech.eu