Google is set to invest in the encrypted messaging service, already backed by 14 financial services providers, at a $650m valuation.

Internet technology provider Google is close to investing in US-based communication platform developer Symphony at a $650m valuation, the Wall Street Journal reported yesterday.

The amount set to be invested by Google, now a subsidiary of the greater Alphabet corporation following a restructuring process that concluded this week, has not yet been disclosed.

Symphony began life in 2012 as a secure messaging service for traders called Perzo, before a $66m investment in October 2014 by a total of 14…

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