# FIA Technology Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fia-technology-services

- Industry: Software
- Headquarters: Washington, US
- Website: www.fia-tech.com
- Total disclosed funding: $44M
- Latest round: Series A (Jun 16, 2021)
- Investors on record: 10

## About

Founded in 2007 and based in the District of Columbia, US, FIA Technology Services, LLC, also known as FIA Tech, operates as a regulatory technology firm that offers compliance solutions. The firm was established by the Futures Industry Association. The company was founded by its CEO and president, Nick Solinger. In June 2023, FIA Technology Services, LLC, raised USD 25.4 million in venture funding from BNP Paribas Prime Brokerage, Citibank, Bank of America, and Goldman Sachs Asset Management.

FIA Tech offers a software-as-a-service (SaaS) and transaction processing platform to the derivatives market infrastructure community. The company’s product line includes Atlantis, a cloud-based platform that automatically calculates brokerage fees; OCR (ownership and control reporting), which is a regulatory requirement that was introduced by the Commodity Futures Trading Commission (CFTC) that automates the collection, storage, and reporting of OCR data; Docs: A document management system that allows users to store, share, and manage documents, mainly legal agreements; eRecs, an AI platform that automates the reconciliation and invoice management process for brokerage firms; DATABANK, which consists of a set of information that is required for trading; fees and commissions repository (FCR); a repository for all exchange fee, commission, and brokerage rate schedules; and give–in limit repository (GLR), a platform that allows firms to manage limits and conditions on give-up agreements. In addition, the firm offers a trade data network and a databank network.

The company generates revenue by offering its services on a subscription-based pricing plan.

The company plans to use the funds raised in June 2023 to speed up the development of its Trade Data Network (TDN).

## Funding rounds

- Series A, Jun 16, 2021, $44M — UBS, Wells Fargo Bank, Morgan Stanley Investment Management, Bank of America, Credit Suisse, JP Morgan Asset Management, Goldman Sachs Asset Management, ABN AMRO Clearing, Citi Ventures, Barclays Private Credit Partners

## Investors

- UBS — Series A
- Wells Fargo Bank — Series A
- Morgan Stanley Investment Management — Series A
- Bank of America — Series A
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series A
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series A
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series A
- ABN AMRO Clearing — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A
- Barclays Private Credit Partners (https://capitalatlas.ai/funds/barclays-private-credit-partners) — Series A