Moment, a New York-based fintech startup, has raised $36 million in Series B funding to modernize the way financial institutions handle bonds, credit products, and everything in between. The round was led by Index Ventures, with big-name backers Andreessen Horowitz, Lightspeed, Venrock, Neo, and Contrary Capital also in the mix. This latest infusion brings Moment’s total funding to $56 million.

What’s the money for? According to Moment, it’ll fuel expansion efforts, deepen R&D, and scale up its New York team to meet growing demand from banks and asset managers looking to escape the stone age of fixed income workflows.

Fixed Income: A $100 Trillion Market with ’90s Infrastructure

Despite representing over $100 trillion in global value, the fixed income market remains remarkably low-tech. Traders still juggle multiple screens, email threads, sprawling spreadsheets, and even—yes—phone calls to coordinate deals.

“Most workflows remain incredibly manual,” said CEO and co-founder Dylan Parker. “Our platform helps financial institutions 10x their fixed income team’s productivity and unlock eight-figure revenue channels.”

While equity markets embraced electronic trading years ago, the fixed income world has been slower to modernize. But that’s changing—fast. As electronic bond trading gains steam, financial institutions are scrambling to bring their infrastructure into the 21st century.

Enter Moment.

What Moment Actually Does

Moment pitches itself as an end-to-end platform that unifies research, trading, portfolio optimization, reporting, compliance, and risk management—layered with automation to reduce friction at every step. Think of it as the Bloomberg Terminal meets Zapier for fixed income desks.

The pitch resonates with financial institutions that are done waiting for legacy vendors to catch up. Instead of piecing together clunky systems, Moment offers a centralized operating system that reduces errors, cuts time-to-trade, and turns manual grunt work into automated flows.

A Surge in Automation Demand

Moment’s funding comes amid a broader push in fintech to automate what’s often referred to as the “last mile” of finance—manual tasks like data entry, invoice chasing, and reconciliation. According to PYMNTS Intelligence, 35% of mid-sized firms remain entirely dependent on manual processes. For smaller institutions, that number climbs north of 75%.

This isn’t just inefficient—it’s costly. Studies link manual workflows to invoice disputes, delayed collections, and unpredictable cash flow.

As Parker puts it, “Financial institutions are co-creating the future of fixed income with us—not just plugging in another tool.”

The Fintech Arms Race

Moment joins a growing list of startups targeting vertical-specific automation across capital markets. Competitors like LedgerEdge, Trumid, and MarketAxess are also trying to digitize various corners of fixed income, though Moment is betting its all-in-one platform approach gives it an edge.

It also doesn’t hurt that investors see potential. The mix of Tier 1 VC support—from a16z to Lightspeed—underscores that this isn’t just a niche play. Fixed income might finally be having its tech moment.