Quantile banks £38 million in fresh funding
London-headquartered Quantile, a provider of risk management software for derivatives portfolios, has received a £38 million minority investment from growth equity firm Spectrum Equity.
Since launching in 2017, Quantile has eliminated trillions of dollars of gross notional of OTC derivatives through compression and billions of dollars in margin through its counterparty risk reduction service. Clients include the G15 top tier global banks, regional banks and other large institutional market participants.
The firm says the fresh capital will be used to develop new services and expand into new markets.