In a significant move for the investment management sector, CIBC Innovation Banking has extended a £5M funding package to Landytech, a rapidly growing platform in the field. This investment aims to bolster Landytech’s capabilities and accelerate its expansion across Europe.
Revolutionising Investment Management with Sesame
Landytech’s pioneering Sesame platform is redefining how investment data is managed. As investment portfolios become more intricate, traditional systems often fall short in handling this complexity. Sesame stands out by consolidating data across various asset classes, offering comprehensive analytics and reporting tools that greatly simplify portfolio management processes. Founded in 2019, Landytech has swiftly earned a reputation as a leader in its field by serving over seventy clients and maintaining more than four hundred custodian connections.
Strategic Growth Enhanced by New Funding
The substantial financial injection from CIBC Innovation Banking is set to enhance Landytech’s Sesame platform further. This initiative will enable the platform to introduce advanced features and extend its reach into more European markets. Such growth aligns with CIBC’s commitment to supporting innovative ventures in the financial technology sector.
Benjamin Mouté, CEO of Landytech, expressed optimism about the financial backing, recognising it as a testament to the strength and vision of their business model. He remarked, “This corporate financing not only supports our ambitious growth strategy but also reflects the robustness of our business model and the trust that established financial institutions have in our vision.”
Partnerships Anchoring Future Success
CIBC Innovation Banking’s role as a growth lender in Europe is crucial, as highlighted by Director Tom Dods. The team provides indispensable support through tailored financial solutions that meet the specific needs of ambitious companies like Landytech.
According to Dods, the collaboration focuses on fulfilling the underserved needs of family offices globally. This insight is essential in helping Landytech position itself as a leader in investment management, particularly through its bespoke reporting solutions.
CIBC Innovation Banking’s Strategic Role
CIBC Innovation Banking plays a pivotal role in nurturing innovative enterprises. It offers strategic advice and financial assistance across North America, the UK, and select European regions. The organisation’s extensive network, including offices in key global cities, ensures comprehensive support at all business cycle stages, from startups to IPOs.
The banking division’s collaborative approach combines commercial banking expertise with private banking, wealth management, and capital market insights. Such a robust foundation empowers clients like Landytech to pursue ambitious goals and redefine their respective industries.
Conclusion
As Landytech continues to expand, the long-term partnership with CIBC Innovation Banking is set to yield substantial benefits for both parties. The funding will enable Landytech to further refine its technology and customer offerings.
A shared vision of innovation forms the bedrock of this relationship, signalling a promising future for the investment management landscape, where data-driven solutions become increasingly pivotal.
The £5M funding from CIBC Innovation Banking underscores a commitment to innovation and growth in investment management. Landytech is well-equipped to scale its operations and enhance its platform, setting a benchmark for future market developments.
The partnership between CIBC Innovation Banking and Landytech illustrates a forward-thinking approach to financial technology growth. With strategic investments and a shared vision, both entities are poised to influence the investment management sector profoundly.
