The startup operates a fintech platform that provides trading infrastructure, including wholesale execution, clearing, and settlement outsourcing services tailored for wealth management. This platform offers a cost-effective alternative to traditional custody and wrap platforms, enabling fintech firms and financial professionals to efficiently access capital markets for their retail clients.
Funding
$33.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Wealth management firms and fintech companies face challenges in efficiently accessing capital markets for their retail clients due to the high costs and complexities associated with traditional custody and wrap platforms. These platforms often require outsourcing to multiple vendors, leading to increased operational overhead and reduced profitability.
Solution
FinClear provides a comprehensive financial markets infrastructure platform that offers wholesale execution, clearing, and settlement outsourcing services, enabling wealth management firms, financial advisors, stockbrokers, and fintechs to streamline their operations and reduce costs. The platform offers a cost-effective alternative to traditional custody and wrap platforms by providing direct market access to ASX and Cboe, along with a suite of software solutions for operational and trading management. FinClear's technology stack is built using a microservices architecture and open APIs, ensuring scalability, resilience, and seamless integration with other fintech applications.
Target Audience
FinClear primarily serves financial advisors, wealth managers, stockbrokers, and fintech companies seeking to streamline their access to capital markets and reduce operational costs.
Features
- Direct market access to ASX and Cboe
- Trading solutions for domestic and international equity products
- Clearing and settlement services
- Managed accounts solutions
- Stock lending capabilities
- Primary market services for IPO and placement settlement
- TC Ops self-service tool for managing key functions
- TradeCentre (TC) trading platform with multiple interfaces
- API broking suite for low-touch trading
- Automated account opening and maintenance
- Bulk booking tools
- HIN sponsorship and management