Finray Secures $3M Series A Funding to Revolutionize Financial Services with "Back Office in A Box" Data Platform

Finray’s No-Code Platform Transforms Raw Data into Business Outcomes, Attracting Major Fintech and AI Investors

New York, NY - June 11, 2024

Finray, a cutting-edge financial data management solutions startup, proudly announces the successful completion of its $3 million Series A funding round. This round was led by Rafferty Holdings along with other notable Fintech and AI angel investors. The funding will enable Finray to expand its client base and enhance its innovative "Back Office In A Box" platform.

Finray’s platform empowers business users to seamlessly transform raw data into actionable business outcomes through an end-to-end data management process, all within a single, no-code solution. This innovative approach eliminates the need for additional tools or coding knowledge, making advanced data management accessible to all users.

"Our product is unique in that it sits at the intersection of financial services and data management," said Steven Geosits, CEO and Co-Founder at Finray. "There is nothing else out there with a similar opinionated financial services ontology built into the platform. This funding will allow us to continue building the resources and framework needed to keep up with client demand, driving growth for Finray.”

Michael Rafferty, President and CEO at Rafferty Holdings, commented, "As Wall Street veterans, we understand that AI in financial services will only be as effective as the data fed into it. Transparency of that data is crucial. We are excited to partner with Finray as they continue to develop their platform.”

Abe Somani, new Finray Board Member, said, "Finray is the first tool out there that has been built as ‘one pipe’ to quickly allow business users to develop the necessary controlled reporting environment, starting down at the transaction level, that will optimize data to procure the benefits of AI.”

Finray, founded by banking veterans Steven Geosits, Bill McDermott, and Gene Kurdy, leverages its unique self-extending data technology to provide financial service business users with a powerful, no-code platform for data management and business outcome generation.

For more information about Finray, visit Finray’s website or contact:

Bill McDermott
Chief Operating Officer
Email: bill.mcdermott@finray.io
Phone: 908-655-8709

Source: Finray.io