Spark Systems cashes in series B2 funding

May 15, 2020 • Callum Cyrus

Citi, HSBC and Goldman Sach contributed to a $10.5m round for the forex trading platform developer in a round set to fund training and product development.

Singapore-based institutional foreign exchange platform Spark Systems has raised S$15m ($10.5m) of series B2 funding from investors including financial services firms Citi, HSBC and Goldman Sachs, Paypers reported yesterday.

Private equity firm OSK Ventures also took part in the round, as did asset manager FengHe, venture capital firms Vickers Venture Partners and Jubilee Capital, and hedge fund manager Dymon Asia Capital, both directly and through its Dymon Asia Ventures unit.

Founded in 2016, Spark runs an algorithm-powered online foreign currency…

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