About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Duco Plans to Add Products, People and Markets Following $28m Investment

Subscribe to our newsletter

Duco plans to expand its cloud data engineering solutions and extend its global footprint following a $28 million investment round. The investment reflects interest in the fintech’s Duco Cube software-as-a-service solution and growing uptake of cloud technology across the industry.

The company provides technology that enables banks, brokers, asset managers and exchanges to normalise, validate and reconcile any type of data in its cloud, providing firms with on-demand data integrity and insight. The company says it has seen rapid and global growth as the industry re-platforms, adopting advances in leading technology to eliminate operational risk and cost, and make actionable data more immediately available.

Christian Nentwich, CEO at Duco, says: “Duco’s approach to solving complex data problems in financial services is to empower experts with self-service solutions. We have gained considerable traction as the industry looks for intelligent answers to evolving market realities. This investment enables us to push further in applying our background in Computer Science to solving fundamental industry problems, while strengthening our resources to deepen relationships with our existing client base.”

The company plans to use the investment to not only expand its product set, but also to add headcount in Europe and the US, and establish and 0ffice in Asia. The $28 million funding comes from Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. It also includes an investment by entrepreneur and former CEO of SunGard, Cristóbal Conde.

Michael Spencer, CEO at NEX, comments: “The evolution of the post-trade environment in financial services requires fundamental changes in market structure, processes and technology. In areas such as data, a deeper and more technical level of innovation has been required and this is exactly where Duco is the industry’s pioneer.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The future of market data – Harnessing cloud and AI for market data distribution and consumption

25 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Market data is the lifeblood of trading, but as data volumes grow and real-time demands increase, traditional approaches to distribution and consumption are being pushed to their limits. Cloud technology and AI-driven solutions are rapidly transforming how financial institutions manage, process,...

BLOG

big xyt Secures €10 Million Investment to Drive Global Expansion

big xyt, the independent financial markets data and analytics solutions provider, has raised €10 million in a funding round led by European growth investment firm Finch Capital. The investment marks the company’s first external funding after a decade of profitable, self-funded growth. “Since launching the business in 2014, we’ve reinvested all the revenue and trust...

EVENT

Future of Capital Markets Tech Summit: Buy AND Build, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...