TP Icap Takes Ipushpull Stake
Posted by Colin Lambert. Last updated: April 26, 2023
TP Icap has taken an undisclosed minority stake in UK fintech Ipushpull as part of a Series A funding round.
The firm says the investment will be used to expand the Ipushpull team, enhance connectivity of its platform, and scale up its live data sharing and workflow automation capacity. TP Icap says its investment “is in anticipation of increasing client demand for bespoke APIs, chat-based connectivity, and semi-automated workflows”.
The firms already have a connection with TP Icap a user of the Ipushpull platform as part of its Fusion technology offering. Fully integrated within Fusion, the Ipushpull platform provides clients with connectivity links to chat solutions – such as Symphony, Teams, and Slack – and bespoke client API and Excel-based integrations. TP Icap says it plans to extend the use of Ipushpull to “hundreds of clients across multiple asset classes” throughout 2023.
Dan Wray, group CIO, TP Icap Group, is joining the Ipushpull board of directirs as part of the investment, he says, “Ipushpull is a flexible, scalable solution that sits alongside Fusion’s existing FIX and STP solutions. This enables us to meet our clients’ needs for speed and greater automation. Our investment reflects both the confidence we have in our partnership with Ipushpull and the progress we’re making in executing our strategy to transform our business through technology.”