Trading Technology Provider Integral Gains $30 Million For Big Expansion Plans
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Integral, a company that assists other companies with trading technology, received $30 million from Vistara Growth in Canada to support its expansion and product development. Last week, the company shared that it’s planning to employ more people and make its product plans even better. The company wants to do this because more and more people are demanding cloud-native services.
Vistara Is Providing Financial Support To Integral To Aid Its Expansion
The Chief Executive Officer of Integral, Harpal Sandhu, stated that during a period of expansion for Integral, Vistara has proven to be an ideal partner. Vistara is providing financial support through investment and operational assistance with its network of dedicated professionals and strategic partners.
This supportive relationship enables Integral’s team to concentrate on executing their plans. Platform hopes to expand market share and introduce new products worldwide.
Integral was founded in 1993 and focuses mainly on offering cloud-based SaaS solutions for forex workflow. The company aims to help a wide range of participants in the forex market, such as hedge funds, asset managers, brokers, and banks.
Last year, Integral started dealing with crypto and launched unique technology solutions. It worked with Mint Exchange, a top crypto exchange, to develop these crypto services.
The services comprise hot and cold storage custody solutions, risk management, desktop and mobile client trading, and aggregation and connectivity to liquidity providers.
Integral Says It’s Committed To The Expansion Of The Crypto Space
Neil Kenley, the Principal at Vistara Growth, commented on the development. He noted that banks and financial institutions worldwide are swiftly replacing their internally built solutions and on-promise systems with older on-site systems.
He added that Integral is well-placed to address the growing demand for cloud adoption in capital markets and foreign exchange divisions due to its modular SaaS platform.
Kenley emphasized that Integral enhances its customer base by using advanced automation in workflows and effective aggregation of liquidity.
Integral says it will continue to offer cloud-based software solutions for foreign exchange workflows.
Their focus is on various participants in the buy-side forex market, such as asset managers, banks, hedge funds, and brokers. Additionally, Integral entered the cryptocurrency market last year by introducing technology solutions designed specifically for that industry.
Integral’s strategic expansion, fueled by Vistara Growth, underscores a commitment to innovation, workforce augmentation, and global market penetration in forex and cryptocurrency solutions.
