The fresh capital comes from eight heavy weight investors including Citi, Deutsche Bank, HSBC, JP Morgan, State Street, Clearstream, and Computershare. All eight investors are in the fintech’s newly created consortium.
The fintech says it will use the backing to scale its platform and team. It also plans on expanding its services to “a wider client base” and geography, starting with European Union markets ahead of the Shareholder Rights Directive II implementation deadline of September 2020.
Proxymity’s offering includes a real-time, electronic proxy voting platform for investors, as well as a shareholder disclosure platform which automates shareholder identity requests into compliant formats.
