Fundtech

Company Overview

Snapshot

Founded in April 1993, Fundtech operates with 201–500 employees. The company raised $30M across three funding rounds from two investors. Fundtech was acquired by D+H in March 2015.

Business overview

Fundtech provides software products and services to banks globally, developing transaction banking solutions that automate activities such as payments, cash management, settlement, liquidity management, and financial supply chain processes. Its products aim to enhance operational efficiency and competitiveness for banks through innovative business-to-business services, operating within the Fintech & Insurtech sector.

Strategic signal

In March 2015, Fundtech was acquired by D+H for $1.25 billion, a significant event that marked its exit from the market. This acquisition highlights the strategic value of Fundtech's transaction banking solutions and its established position in the fintech landscape, indicating a strong validation of its technology and market reach.

Company Intelligence Q&A

What was a significant corporate milestone for Fundtech?

Fundtech was acquired by D+H in March 2015, leading to its delisting from both the TASE and NASDAQ stock exchanges in October 2015.

When did Fundtech go public?

Fundtech conducted an Initial Public Offering (IPO) on NASDAQ in March 1998, raising $30M. The company also had a public offering on TASE in August 2003.

Which investors participated in Fundtech's funding rounds?

This was one of three funding rounds the company completed.

What is Fundtech's primary focus in the financial sector?

Fundtech specializes in providing software products and services that automate transaction banking solutions, including payments, cash management, settlement, and liquidity management for banks worldwide.

What is the current status of Fundtech?

Fundtech is currently inactive, having been acquired by D+H in March 2015.