Precision LM will support employee equity planning and financing platform
SS&C Technologies Holdings, Inc. announced Secfi, the leading employee equity planning and financing platform, has retained SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM™ and TNR Solution™ will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options.
Latest Fintech News: Digital Asset Management Platform Rooba Finance Raises $1.3 Million in Seed Round
SS&C’s technology will enable the financing of pre-IPO equity and provide liquidity to employees of start-up customers while ensuring straight-through processing. In addition, the solution’s ability to accommodate private credit lending and support the fund’s launch and growth influenced Secfi’s choice.
“SS&C is among the best and most reputable intelligent fund administrators,” said Jaime Moreno de los Rios, Secfi Chief Operating Officer. “They offer the flexibility and expertise to accommodate our unique requirements and the scalability to grow as this exciting market expands.”
Latest Fintech News: NSAV and Vagabond Announce Launch of 3rd Generation Blockchain
“Secfi provides an innovative solution for startup employees through its technology platform and is engaging with SS&C to further streamline its financing offering and provide the best experience for its clients,” said Dan Pallone, Vice President Mortgage REIT and Loan Solutions. “SS&C has a proven track record of bringing innovative, flexible solutions to the industry and solving the newest and most unique challenges. We look forward to supporting Secfi’s future success.”
More than 125 bank and non-bank lenders and servicers use Precision LM to support their lending operations, with growth accelerating over the last year following the recent expansion of private credit lending.
Latest Fintech News: Mattermost 7.0 Set to Transform Productivity and Workflow Management
[To share your insights with us, please write to sghosh@martechseries.com]
