QuIC Financial Technologies raises $10m in series B funding
Summary
QuIC is experiencing rapid sales momentum and an enthusiastic reception from the most forward-thinking banks in Europe and Asia, and we look forward to helping the Company continue to grow and expand." Nigel Cairns, President and CEO of QuIC, added: "We are now fully empowered to fulfill the most demanding needs of the worlds largest and most sophisticated banks. "With strong backgrounds in Enterprise Software and Financial Services, Bob Smith and his partners at JMI are ideal investors for QuIC," said Sam Znaimer, Senior Vice President, Ventures West. QuIC sets a new standard for performance in pricing, risk management and financial analytics with an extremely fast vector-based calculation and simulation platform. It also allows users to extend and customize their systems functionality to quickly accommodate new and competitive complex models, instruments and analytics.