Menu visibility control



Startup Surgery

Most Recent


Smart home security startup Cocoon raises £2.46m on Crowdcube


IP Law: The Startup & Scaleup Guide


ContentCal closes £400,000 Seed, brings total to £580,000

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

London FinTech startup Babel Systems acquired by InvestCloud for $20m


Babel Systems, a processing platform for online trading, has been acquired by Californian finance software provider InvestCloud for $20m.

Founded in 2008, the London-based startup processes equities, bonds and funds whilst ensuring regulatory compliance. The transaction will link InvestCloud’s digital platform with Babel’s trading and accounting capabilities to provide a solution for financial services companies.

Headquartered in Los Angeles with offices in San Francisco, New York, Tampa and London, InvestCloud supplies investment businesses with custom digital software solutions. This includes brokers, hedge fund administrators, custodians, asset managers and wealth managers.

FinTech Monthly: Seedcamp sells stake in TransferWise, a new FinTech VC launches in London & more

The firm’s clients can choose from a series of applets including client communications, operational management accounting and real-time analysis to assemble their own cloud solution. InvestCloud claims to provide custom financial solutions to over 130,000 users on the cloud.

John Wise, chairman and CEO of InvestCloud, commented: “InvestCloud needed an extremely high-volume and low-cost trading and accounting (book-keeping) solution designed for the cloud. Babel is the answer.

“Babel is designed for the international market and is the most modern platform in the world designed for robo and wealth; however, it’s also versatile and can be applied to all major financial markets,” he added.

Raising over $100m since 2010, InvestCloud also has on board the likes of JPMorgan, which purchased an undisclosed stake of the business last year.

Mark Trousdale, executive vice president of marketing at InvestCloud, concluded: “Further to our recent announcement of being selected by JPMorgan for digital solutions and as PwC’s strategic digital platform, this deal completes the whole product solution.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...

Editor's picks

Founding Team Cocoon

Smart home security startup Cocoon raises £2.46m on Crowdcube
posted 4 mins ago

IP Law guide featured image (2)

IP Law: The Startup & Scaleup Guide
posted 3 hours ago

social media

ContentCal closes £400,000 Seed, brings total to £580,000
posted 4 hours ago

BGV A16 cohort photo

Tech for good accelerator Bethnal Green Ventures raises £1.3m to invest in startups
posted 5 hours ago

Tech Nation Newcastle

Tech in Newcastle: Tackling the skills and office shortage
posted 6 hours ago

Devika Wood headshot

EXCLUSIVE: London startup Vida gets over £1m in Seed funding to boost UK expansion
posted 8 hours ago