Integral secures $30M from Vistara Growth for expansion and product development
Integral Development Corp, a technology provider to the financial markets’ buy-side, has secured $30 million in growth financing from Vistara Growth. The financing injection will support Integral’s next phase of expansion as it continues to scale its business operations.
With fresh capital in hand, Integral will expand its headcount and advance the product roadmap amide a notable increase in demand from financial institutions for modern, automated platforms capable of meeting complex requirements. Integral’s cloud-native FX trading platform is becoming a preferred choice for many in the industry due to its ability to support diverse client bases, minimize operational and market risks, 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’s end-to-end eFX trading and workflow solution has been specifically built for the broker community. The company’s SaaS technology, available at a fixed subscription cost, enables trading platforms to focus on growing their business without worrying about additional brokerage fees.
Integral’s position in the market is particularly relevant as banks and financial institutions worldwide are increasingly transitioning from legacy on-premise systems or internally developed solutions to more modern, cloud-based alternatives. Integral’s modular SaaS platform is seen as a key solution for addressing the cloud-adoption needs within the capital markets and foreign exchange sectors.
Neil Kenley, Principal at Vistara Growth, cited the company’s capability to deliver substantial value to its customers through advanced workflow automation and liquidity aggregation features.
“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,” he added.
Integral’s platform is recognized for its cloud-native foreign exchange trading capabilities, which offers a fully automated environment for managing the entire trading lifecycle. The platform’s strengths include access to liquidity providers, integrations with brokers, and improved workflow functions such as price generation, distribution, risk management, data science, and analytics.