10/11/2020

Origin closes $7million Series A, targets T+0 issuance in international fixed income


Origin, the London-based fintech company that has pioneered the digitalisation of bond issuance, has successfully closed its USD 7 million Series A funding round led by Clearstream and the Luxembourg Stock Exchange (LuxSE) following regulatory approval. This brings the company's total funding to date to USD 10 million. 

As a pioneer of digital debt capital markets, Origin offers 3 products that work together to automate debt issuance: their Marketplace, Documentation and Post-Trade modules. The company now counts over 90 issuers and 20 dealers as clients, including some of the largest participants in the international capital markets. 

The partners’ ambition is to further develop Origin's existing platform to establish a digital, end-to-end, straight-through-processing issuance platform for international fixed-income capital markets, enabling instant, T+0 issuance, listing and settlement. This will be achieved in a phased approach over the coming years in cooperation with major market participants, including Origin's existing dealer and issuer client base, as well as Clearstream’s and LuxSE’s partners in the agency, post-trade and infrastructure space.

"Through this pioneering partnership, we provide companies with faster, cheaper and safer access to capital markets. We are truly excited to drive the digitalisation and standardisation of fixed-income issuance together with our partners, and at the same time support the goals defined in the Capital Markets Union new action plan by making financing more accessible to European companies," commented Arnaud Delestienne, Director of International Capital Markets at the Luxembourg Stock Exchange.

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