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

FINBOURNE Technology Plans Growth on Back of £30 Million Debt Facility

Subscribe to our newsletter

FINBOURNE Technology plans to extend the reach of its SaaS-native data management platforms, and build out global capacity and capability, following a partnership with Kreos Capital to secure a debt facility of up to £30 million. The funding is an extension of FINBOURNE’s Series A round in April 2021.

Headquartered in London, FINBOURNE was founded in 2016 with a mission to reduce the cost of investing while improving efficiency, transparency and trust in capital markets. Its SaaS native data management platforms include LUSID, LUSID PMS, a next-generation portfolio management system, and Luminesce, a data virtualisation engine. Clients include Fidelity International, London Stock Exchange Group (LSEG), Baillie Gifford and Railpen.

Last year, FINBOURNE increased headcount by nearly 50% to achieve a total of more than 190 employees worldwide. It also set up operations in North America and Asia-Pacific.

The Kreos Capital debt facility will help the company build on these foundations to broaden the coverage of its ‘change ready’ data management solutions. It also plans to develop SaaS capabilities across portfolio and fund accounting to support asset servicers in their digital transformation. Further additions include FINBOURNE Horizon, a global community of integration partners, and a FINBOURNE University programme and accreditation scheme that will be delivered as part of the company’s operations in new markets and support engagement with consulting firms.

“The partnership with Kreos Capital is a vote of confidence for FINBOURNE and its growth plans,” says Thomas McHugh, CEO and co-founder at the company. “In six years, we have shown that we can help eliminate the risk associated with traditional operational transformation and at the same time address growing costs.”

Tim Fenwick, principal at Kreos Capital, comments: “Together with a strong balance sheet and pipeline, we are confident that our investment will further fuel FINBOURNE’s strategy and execution as it widens the net and delivers change-ready technology and data management tools.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Nine Recently Updated Private-Market Data and Technology Offerings

Capital-market volatility, squeezed margins and geopolitical tensions are encouraging asset managers to look more broadly across asset classes to spread risk and increase returns. Private markets and other alternative assets have been huge beneficiaries of this trend and are likely to continue gaining share of invested capital, with Preqin estimating that investment in private markets...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...