Fintech firm Wematch announces new investments

Wematch, a fintech firm that provides technology which augments how traders at banks match, negotiate and manage trades, has received investment from J.P. Morgan and Societe Generale.

Wematch delivers the benefits of the newest web technologies to traders at banks, improving the matching and negotiation process, cutting costs for banks and increasing efficiency and reducing conduct risk for traders. The fintech firm now has 40 banks and more than 750 traders using it.

Wematch came through J.P. Morgan’s In-Residence Programme and Societe Generale’s Global Markets Incubator to foster the expansion of the fintech’s offer across asset classes and instruments.

The funding takes J.P. Morgan’s and Societe Generale’s relationship with Wematch from users to investors, with the banks already active on Wematch across all existing platforms.

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