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FinTech firm OpenGamma gets $1m from Japan Exchange Group

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OpenGamma has received $1m in funding from the Japan Exchange Group (JPX) in return for a minority stake in the business.

The firm, which provides derivatives risk analytics announced a $13.3m Series D round in October last year, has drawn support from investors including Accel Partners and ICAP in the past.

According to a statement, the money will be used to expand company operations.

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“JPX has an established tradition of leading the charge to provide efficient and innovative management of risk for Japan’s financial and capital markets,” said Peter Rippon, CEO of OpenGamma, adding:

“This track record makes them ideal partners and catalysts for our mission of enabling derivatives users to make smarter trading and clearing decisions.”

The London-based FinTech firm has raised $39.2m in funding since it was founded in 2009.

Takeshi Hirano, executive officer of JPX, spoke about the investment: “We’ve followed OpenGamma’s transformation from an innovator in the development of open source software into an important risk analytics provider for institutional finance.”

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