# Transcend Street Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transcend-street-solutions

- Industry: Financial Services
- Headquarters: Piscataway, US
- Website: www.transcendstreet.com
- Total disclosed funding: $10M
- Latest round: Series A (Oct 29, 2020)
- Investors on record: 1

## About

Transcend Street Solutions Inc. is a US-based provider of advanced collateral management solutions aimed at enhancing operational efficiencies for financial institutions. Their platform automates collateral allocations, ensuring compliance and improving liquidity strategies.Founded in 2013 and headquartered in Piscataway, US, Transcend Street Solutions Inc. specializes in collateral management solutions. It has completed 2 deals, with the most recent funding round being a Series A amounting to USD 10.00 mn led by Nyca, which brings the total amount raised to USD 10.00 mn. The company was established by Bala Kumar, Bimal Kadikar, and Manish Sharma, with Bimal Kadikar serving as the CEO.Transcend offers advanced collateral management solutions that automate and optimize collateral allocations for financial institutions. Their services ensure compliance with counterparty obligations while enhancing liquidity and funding strategies. The platform connects seamlessly with central clearing parties, triparty agents, and industry utilities, serving a diverse clientele in North America, Europe, and Asia.Transcend operates on a B2B model, generating revenue through subscription-based software services tailored for financial institutions. Clients engage with Transcend through multi-year licensing agreements, granting access to software features, including analytics and automated execution capabilities, aimed at improving operational efficiency in collateral management.In November 2023, Transcend Street Solutions Inc. raised an undisclosed amount of venture funding from new investor Citi Ventures. This funding will be utilized to accelerate the global deployment of enterprise-wide inventory optimization solutions, supporting their strategy to expand into new markets and enhance product offerings.

## Funding rounds

- Series A, Oct 29, 2020, $10M — Nyca

## Investors

- Nyca (https://capitalatlas.ai/funds/nyca) — Series A