Disrupting the Status Quo: How Clear Street's Cloud-Native Platform is Revolutionizing Prime Brokerage

Highlights

---

• Clear Street, a New York-based fintech startup, has raised $270 million in the second tranche of its Series B funding round at a $2 billion valuation.
• The funding round was led by Tiger Global Management, with participation from existing investors such as Coatue Management, DST Global, Dragoneer Investment Group, D1 Capital Partners, Spark Capital, 01 Advisors, Third Point Ventures, and Eldridge.
• The funds will be used to expand Clear Street's offerings, hire more employees, and enter new markets.
• Clear Street's cloud-native platform is disrupting the prime brokerage industry by providing institutional investors with more flexibility, transparency, efficiency, and speed in their prime brokerage relationships.
• Clear Street's platform is integrated with central clearing houses and exchanges, allowing clients to trade across multiple asset classes and venues, and provides real-time reporting and analytics to give clients access to critical data without waiting for overnight batch processing.
• Clear Street's growth and potential have not gone unnoticed by investors, as the company has raised over $380 million in total funding to date.

---

Fintech is one of the hottest sectors in the tech industry, attracting billions of dollars in funding and creating new opportunities for innovation and disruption. One of the areas that has seen a lot of activity recently is prime brokerage, which provides services such as execution, clearing, custody, financing, and capital introduction to institutional investors.

Prime brokerage is a highly lucrative but also highly complex and fragmented market, dominated by a few large banks that have been slow to innovate and adapt to changing customer needs and expectations. Many institutional investors are looking for more flexibility, transparency, efficiency, and speed in their prime brokerage relationships, as well as access to real-time data and insights.

This is where Clear Street comes in. Clear Street is a New York-based fintech startup that is building a modern infrastructure for capital markets, starting with prime brokerage. Founded in 2018 by former Goldman Sachs executives and engineers, Clear Street has developed a cloud-native platform that gives institutions better access to markets, data, and services.

Clear Street's platform is integrated with central clearing houses and exchanges, allowing clients to trade across multiple asset classes and venues. It also provides real-time reporting and analytics, giving clients access to critical data without having to wait for overnight batch processing. Additionally, Clear Street offers flexible financing options, proactive service, and capital introduction support to help clients grow their businesses.

Clear Street's vision is to continue to expand its platform across all capital markets, for every type of investor - institutions, active traders, market-makers, and fintech apps. The company believes that its technology-first approach can create better product experiences and outcomes for its clients and partners.

Clear Street's growth and potential have not gone unnoticed by investors. The company recently raised $270 million in the second tranche of a Series B round at a $2 billion valuation, led by Tiger Global Management. The round also included participation from existing investors such as Coatue Management, DST Global, Dragoneer Investment Group, D1 Capital Partners, Spark Capital, 01 Advisors, Third Point Ventures, and Eldridge.

The new funding will enable Clear Street to scale its platform, expand its product offerings, grow its team, and enter new markets. The company currently has over 390 employees worldwide and trades over $10 billion daily on its platform.

Clear Street is one of the most exciting fintech startups in the prime brokerage space, challenging the status quo and bringing innovation and efficiency to capital markets. With its cloud-native platform, experienced team, and strong backing from investors, Clear Street is well-positioned to become a leader in the fintech industry.