# Transparent Financial Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transparent-financial-systems

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.transparentsystems.com
- Total disclosed funding: $22M
- Latest round: Series A (Dec 18, 2019)
- Investors on record: 6

## About

Transparent Financial Systems, Inc. is a financial technology company focused on providing innovative solutions for transparent financial transactions and reporting, catering primarily to businesses and institutions.Founded in 2018, Transparent Financial Systems, Inc. operates from its headquarters in Seattle, US. The company specializes in improving financial processes for businesses. In December 2019, it raised USD 14.20 mn in Series A funding led by Pantera Capital with participation from investors including CMT Digital and Digital Currency Group. The total amount raised by the company stands at USD 14.20 mn, and its current valuation is USD 58.59 mn.Transparent Financial Systems, Inc. offers a suite of financial technology products designed to enhance transparency and efficiency in financial reporting and transactions. Their services include solutions for financial data management, compliance monitoring, and analytics tailored to meet the needs of various organizations.The company's revenue is generated through B2B partnerships with financial institutions and corporate clients, focusing on licensing their technology solutions and offering support services. These transactions support a steady revenue stream based on subscription models and usage fees, allowing them to cater to a diverse array of clients in the financial sector.Transparent Financial Systems, Inc. plans to enhance its product offerings with upcoming solutions that cater to regulatory compliance and transaction transparency, with anticipated launches in late 2023. The company also aims to expand its reach into international markets, specifically targeting Europe and Asia by 2024. The recent Series A funding of USD 14.20 mn will be utilized to support these growth initiatives, including product development and market entry strategies.

## Funding rounds

- Series A, Dec 18, 2019, $14M — Digital Currency Group, Future\Perfect Ventures, Pantera Capital, CMT Digital, IDEO CoLab Ventures
- Seed, Jul 1, 2018, $8M — Vulcan

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Series A