42Markets Group raises $10M from Convergence Partners & development finance institutions to automate banks IT Operations infrastructure : TechMoran

by Digital Brainiacs
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42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners to help banks, leapfrog legacy software to streamline and automate their IT Operations infrastructure.

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The investment will be channeled through 42Markets Group firm Andile (UK), a capital markets services and advisory firm which works with Investment Banks and Central Banks, across Africa, the United Kingdom, the European Union, Australia, and India.

In a statement, 42Markets Group CEO Andries Brink, “this is a real vote of confidence in the positive impact investment in digital financial infrastructure can have, both in developing and in mature markets.”

With over a decade of experience in the East African market, Andile has established itself as a trusted partner for banks and financial institutions, creating jobs and driving economic growth in the region. The funding will enable Andile to further leverage its…

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