NEW YORK, NY, IMTC, a leading fixed income technology partner to the buy-side, announced the closing of a $12 million Series A funding round.
The round was led by Nyca Partners, a venture capital firm focused on fintech innovation.
Lord, Abbett & Co. LLC, an independent, privately held investment management firm, and an IMTC client, joined the round as a strategic investor - its first equity stake in a fintech partner. IMTC's highly efficient end-to-end investment platform will empower Lord Abbett to build and rebalance fixed income client portfolios at a significant scale.
Additional participants in the round include Tribeca ESP and several existing investors, underscoring continued confidence in IMTC's growth trajectory.
IMTC is an enterprise fintech provider that is fundamentally changing the way asset and wealth management firms manage fixed income assets for their clients. IMTC's cloud-native portfolio and order management platform provides a comprehensive suite of tools combining advanced analytics, automation capabilities, and actionable insights. IMTC empowers firms with the ability to customize accounts at scale, modernize tech stacks, and launch products previously inaccessible. Clients benefit from making faster, more accurate, and more compliant investment decisions across portfolios, simultaneously.
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