LoopFX, an independent platform for large spot FX trades, has recently announced a significant financial boost. Augmentum Fintech, renowned as Europe’s leading FinTech-focused fund, has invested £2.6m in the firm.

LoopFX specialises in providing a unique matching solution that allows traders to sync with Asset Managers and Banks in real time, without the risk of information leakage. This innovative approach has positioned LoopFX as a promising venue for substantial FX transactions.

The funds from this round are earmarked for a series of strategic developments. According to Blair Hawthorne, Founder and CEO of LoopFX, “Augmentum’s experience and network will be strategically vital for LoopFX as we move towards launch. And their investment will allow us to build our team and accelerate our capability to meet the needs of our customers. As our first institutional investor, Augmentum will join the ranks of other world-class collaborators, including our first partner State Street FX Connect, as well as FactSet’s Portware.”

Augmentum Fintech, led by Founder and CEO Tim Levene, is focusing increasingly on the capital markets sector, seeing great potential in collaborating with pioneering FinTech firms. “We are increasingly focusing on the opportunity in the capital markets space where we see a trend of incumbents opting to collaborate and partner with innovative early-stage companies.

“We believe LoopFX offers a text-book example of a fintech operating in the capital markets in partnership with blue chip financial institutions. LoopFX brings efficiencies in trading and price discovery to the FX market which in turn will help participants comply with MiFID II’s best execution trading regime.”