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CloudMargin announces investment from Illuminate Financial Management LLP

26 February 2015

CloudMargin Ltd, the revolutionary cross-product cloud based collateral management technology solution, is delighted to announce that Illuminate Financial Management LLP has today acquired an interest in the company.

This is the first investment made by Illuminate, the venture capital company founded by industry veteran Mark Beeston in 2014, and the first institutional money that CloudMargin has raised, having been funded to date by CloudMargin Management and a group of angels all with senior financial markets backgrounds. Mark Beeston has joined CloudMargin’s board as a non-executive director.

“This is a momentous day for CloudMargin and we’re extremely excited about our new investors whose skills and experience will be an invaluable addition to our leadership team. Not only will this accelerate the expansion of the Company to service our rapidly growing international client base,” said Andy Davies, CEO and co-founder of CloudMargin, “but working with Illuminate is already starting to connect us better with our target market of derivatives users seeking greater efficiency, control and STP levels in their collateral operations”

“CloudMargin is a perfect fit for Illuminate, addressing the challenge of collateral management for a vast segment of counterparties that currently utilise manual processes.  Regulatory change and risk management objectives are impacting the management of collateral and addressing this is a key industry challenge.  CloudMargin not only provides an effective and low cost solution for a long tail of industry participants, but can also improve efficiency for the major sell side players who interact with those same counterparties.  This technology is going to be transformational in the evolution of collateral processing” said Mark Beeston, Managing Partner and Founder of Illuminate Financial Management LLP.

The team at Illuminate have an unparalleled and proven track record within capital markets financial technology and currently hold or have held board level positions within firms such as TriOptima, AcadiaSoft, ENSO financial, OpenGamma and Markit.

“The deep domain knowledge of post-trade derivatives processing and collateral management  within Illuminate will be critical to the future strategy of CloudMargin” continued Andy Davies “and will be vital as we continue to bring innovation to the collateral landscape”

“We chose Illuminate because of their understanding of the markets and of the ongoing changes around collateral processing, characteristics rarely seen in a funding partner” said Richard Berliand, Board Advisor to Cloud Margin, “the team at Illuminate provide not only capital, but have a proven track record of creating, funding and scaling fintech market infrastructure that will be highly beneficial to CloudMargin’s journey.”

CloudMargin recently announced connectivity to AcadiaSoft, the collateral messaging platform, where Mark Beeston was a former member of the board.

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