Integral Development Corp. (“Integral”), a leading currency technology provider to the financial markets, has raised $30M in growth financing from Vistara Growth, a provider of flexible growth capital to software and technology-enabled services companies.
“We are excited to support Integral in their next phase of growth as they continue to scale the business. The Company’s platform has been able to drive meaningful value to its customer base through its sophisticated workflow automation and liquidity aggregation capabilities“ said Neil Kenley, Principal at Vistara Growth.
Integral operates a fully cloud-native foreign exchange trading platform that provides its global customer base with a fully automated environment to manage the entire trading lifecycle. The platform also enables greater access to liquidity providers, integrations to intermediaries and improved workflow functions including price generation, distribution, risk management, data science and analytics.
“We have seen across global markets that banks and financial institutions have continued to rapidly replace many of their legacy on-premise systems or internally built solutions, and Integral is well positioned to solve the cloud-adoption needs for the capital markets and foreign exchange divisions with its modular SaaS platform.”
Proceeds from the growth financing will help expand Integral’s go-to-market teams and further the company’s product roadmap. Integral has seen increased pull from the market as financial institutions look for modern and automated platforms that can service increasingly complex and global requirements. Financial Institutions choose Integral as their FX trading platform as they provide a cloud-native solution that can better support their customer’s client bases, minimize operational and market risk, and reduce internal costs.
Harpal Sandhu CEO at Integral commented, “At a time of growth and opportunity for Integral, Vistara has emerged as the perfect partner to support us financially through their investment and operationally through their network of dedicated professionals and strategic partners. The supportive relationship allows our team to focus on execution as we expand our market share and roll-out new products globally.”
Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud, technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.
About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in. For more information, visit vistaragrowth.com.