The middle office may finally be getting its long-overdue upgrade.

Saphyre, a fast-rising AI software platform focused on automating pre- and post-trade workflows, just announced a $70 million growth equity round led by FTV Capital — a major vote of confidence in the fintech’s mission to modernize one of finance’s most stubbornly outdated pain points: onboarding.

With this funding, the New Jersey-based firm aims to ramp up product innovation, grow its global footprint, and deepen integration across capital markets infrastructure. And given the scope of inefficiencies in play — think spreadsheets, PDFs, and endless email chains — the addressable opportunity is vast.

“We’re eliminating bottlenecks that have existed for decades,” said Gabino Roche, Jr., Saphyre’s CEO and founder. “FTV brings the strategic expertise and industry reach to help us scale our impact across the financial ecosystem.”

From Spreadsheets to Smart Infrastructure

Founded in 2017, Saphyre has spent the last several years building a memory-driven, cloud-native platform that rethinks how counterparties exchange and maintain critical data before and after trades.

Its key innovation? Automating pre-trade data capture and onboarding processes while maintaining data context across fund lifecycles. That allows institutions to reach “ready-to-trade” status in as little as 24 hours, down from weeks or months in some legacy systems.

The results are hard to ignore:

• 75% reduction in redundant post-trade work
• Faster fund launches
• Improved operational control
• Near real-time settlement support

All of this is especially timely as the industry barrels toward T+1 settlement requirements, putting unprecedented pressure on firms to streamline operations.

Industry-Wide Buy-In

Saphyre’s momentum is more than just a well-polished deck. The platform already integrates with leading capital markets systems and serves over 75 of the world’s largest financial institutions, covering thousands of accounts and over $3 trillion in AUM.

That scale has created a network effect that few players in the onboarding space can rival — and it’s one of the reasons FTV Capital is betting big.

“Middle-office operations remain a fragmented mess,” said Mike Cichowski, Partner at FTV Capital. “Saphyre stands out with its automation-first approach and a platform that gets smarter with every client added.”

Cichowski will join Saphyre’s board as part of the investment.

The company also continues to enjoy the backing of existing partners like BNP Paribas, which reaffirmed its commitment to the firm’s mission in a statement from Junaid Baig, head of strategic investments.

Why This Round Matters

While much of the fintech spotlight has shone on payments, consumer banking, and crypto, the infrastructure behind capital markets has largely been left in the 1990s. That’s starting to change — and Saphyre is positioning itself as a frontrunner in bringing automation and intelligence to the plumbing of finance.

With this $70M round, Saphyre joins a growing cohort of fintechs tackling deeply embedded inefficiencies, a trend reminiscent of how Plaid revolutionized bank connectivity or how Snowflake transformed data warehousing — only this time it’s onboarding and trade settlement that are getting rebuilt for speed, compliance, and scale.

If the company delivers on its promise, we may look back at this funding as a turning point not just for Saphyre, but for how the entire investment ecosystem gets wired.

Stay Ahead of the Curve with GlobalFinTechEdge — Your Daily Edge in Fintech Intelligence. Subscribe Now.