Integral Grabs $30 Million Funding

Integral has raised $30 million in growth financing from tech-focused venture capital group Vistara Growth, as it seeks to scale its business.

The firm says proceeds from the growth financing will help expand its go-to-market teams and further the company’s product roadmap, adding it has seen increased pull from the market as financial institutions look for platforms that can service increasingly complex and global requirements.

Although its business model means that Integral stopped reporting FX trading volumes over its platforms and services in late 2022, Neil Kenley, principal at Vistara Growth says, “[Integral’s] platform has been able to drive meaningful value to its customer base through its sophisticated workflow automation and liquidity aggregation capabilities. We have seen across global markets that banks and financial institutions have continued to rapidly replace many of their legacy on-premise systems or internally built solutions, and Integral is well positioned to solve the cloud-adoption needs for the capital markets and foreign exchange divisions with its modular SaaS platform.”

Harpal Sandhu, CEO of Integral, adds, “At a time of growth and opportunity for Integral, Vistara has emerged as the perfect partner to support us financially through their investment and operationally through their network of dedicated professionals and strategic partners. The supportive relationship allows our team to focus on execution as we expand our market share and roll-out new products globally.”