Kooltra, a cloud platform that helps financial institutions and non-bank firms modernize and automate foreign exchange (FX) operations, announced today it has completed a $6.5 million CAD investment round from Hyde Park Venture Partners, Round 13 Capital, Salesforce Ventures and existing investor Real Ventures. This closes Kooltra’s early-stage financing at $8.8 million CAD.
The company will use the new funding to grow its engineering, sales and customer success teams, further build out its platform, expand operations into the U.K. and pursue the more than 3,000 prospective regional and community bank as well as credit union customers across the U.S.
“The opportunity to transform the foreign exchange market is massive,” said Greg Barnes, principal at Hyde Park Venture Partners. “The more we understand about banks’ and non-banks’ return on investment, the more we’ll be able to spread cloud-driven automation, compliance and efficiency gains to players up and down the ecosystem.”
Congratulations to the Kooltra team!
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