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Proxymity launches consortium of financial industry leaders and raises $20.5 million in strategic round to become its own entity
Proxymity launches consortium of financial industry leaders and raises $20.5 million in strategic round to become its own entity
05/05/20, 8:10 AM
Location
london
Money raised
$20 million
ProxymitySM, the digital investor communications platform developed within Citi's Institutional Clients Group, announced today that it has raised $20.5 million in a strategic round of investment and will form its own entity via a global, industry-led consortium. The consortium brings together the leading global and direct custodians and the leading issuer agents ensuring unparalleled, instant access to the world's leading investors and companies. BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street comprise the newly formed Proxymity consortium.
Company Info
Location
london, ontario, canada
Additional Info
ProxymitySM is an award winning, pioneering, end-to-end digital investor communications platform that directly connects issuers, investors, and their intermediaries to provide accurate, transparent and more immediate data to improve business relations. Proxymity is an enterprise-ready solution that provides real-time transparency, allowing instant amendment of instructions and much sought after confirmation that votes have been recorded at shareholder meetings. Eliminating manual input and interpretation of data, Proxymity helps remove potential data corruption and reduces risk for all participants. Proxymity was founded by Dean Little and Jonathan Smalley through Citi's D10XSM program, and named "Best Innovation in Service Provision" by Global Custodian.
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