Venkatesh Ramasamy
Founder
Sernova Financial
The startup provides cloud-based clearing and post-trade services designed by former prime service professionals, enabling regional banks and investment managers to streamline their back-office operations. By recreating the infrastructure of clearing brokers, the company reduces transaction costs and enhances workflow efficiency.
- Enterprise Software
- Financial Technology
- Software Only
Updated 21 months ago
Funding
Raised to date
$3.5MRaised 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.
Funding rounds are not available yet.
Founders
Richard Thompson
Founder
Product
Problem
Regional banks, investment managers, hedge funds, and proprietary trading firms face challenges in managing the complexities and costs associated with clearing and post-trade operations, especially with exchange-traded derivatives, over-the-counter derivatives, and financing markets. Legacy systems and outsourced services often result in high costs, operational inefficiencies, and limited control over critical processes.
Solution
Sernova Financial provides cloud-based clearing and post-trade services that enable financial institutions to streamline their back-office operations and gain direct control over their global access to clearing, collateral, and risk management infrastructure. By offering a shared utility model, Sernova reduces complexity, accelerates implementation, and lowers costs compared to internally built infrastructure or traditional outsourcing. The platform supports a range of asset classes, including exchange-traded derivatives, OTC derivatives, and financing markets, providing a comprehensive solution for post-trade requirements. Sernova's approach allows firms to specialize, scale, and streamline their operations, achieving significant cost savings and improved efficiency.
Target Audience
Sernova Financial primarily serves banks, brokers, hedge funds, and proprietary trading firms seeking to optimize their clearing, collateral, and risk management operations.
Features
- Global exchange connectivity for exchange-traded derivatives
- House and Client CCP connectivity for OTC derivatives
- Multi-CCP trade processing, lifecycle management, and netting for financing and settlement
- Collateral management solution with cross-margining capabilities
- 24/7 operational support and transaction processing
- Real-time insights and comprehensive view of trading positions and exposures
- Regulatory reporting
- Accounting feeds and reconciliations
- Risk management, data management, and reporting
- Integrated and automated collateral management system
- Dedicated client portal
- Bilateral solution for uncleared over-the-counter trades
- Back office valuation and pricing