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.