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Moment Raises $36 Million to Automate Fixed Income Investments

  • Moment has secured $36 million in new funding for its fixed income automation platform through a Series B round, with Index Ventures leading the investment.
  • The funding will be used to enhance collaborations, invest in research and development, and grow Moment's team in New York City to meet the increasing demand for fixed income solutions.
  • The financial industry is rapidly adopting automation in the fixed income market, replacing manual processes with technology solutions like Moment's platform, which consolidates various functions to boost productivity.
  • Despite the push for automation, many businesses, especially small to mid-sized firms, still heavily rely on manual processes for tasks like invoicing and payment collection, highlighting the need for further automation in financial workflows.

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