Finance

OpenFin raises $17 million for operating system

May 16, 2019, 5:00PM EDT

Financial services company OpenFin has obtained $17 million in Series C funding led by Wells Fargo, the company announced in a press release. Other investors included Barclays as well as existing investors, such as Bain Capital Ventures, JPMorgan and Pivot Investment Partners. The latest investment brings its total venture funding to $40 million. 

The company has developed an operating system for financial institutions. It will use the funding to further the product’s innovation and promote OpenFin OS’s adoption. The company will also develop new Cloud Services.

"Apple and Google's mobile operating systems and app stores have enabled more than a million apps that have fundamentally changed how we live," said Mazy Dar, OpenFin's CEO and Co-Founder. "OpenFin OS and our new app store services enable the next generation of desktop apps that are transforming how we work in financial services."