Allianz X backs derivatives analytics firm OpenGamma

Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of $21 million. In addition to the digital investments unit of Allianz, all existing investors participated in the funding round.

Founded in 2009, OpenGamma helps asset managers and other professional financial market participants to increase the capital efficiency of their portfolios, particularly when it comes to posting collateral in derivative transactions.

OpenGamma will use the funding to expand its offering, including the launch of automated workflow solutions for the treasury management of asset managers and other financial participants.

“OpenGamma’s solutions are a small revolution for many investors and asset managers. Thanks to OpenGamma, collateral management is no longer a back-office issue but instead becomes an active performance driver. This makes partnering with OpenGamma an exciting opportunity for a wide range of clients from the financial industry.” – Kevin Harder, Manager at Allianz X.

OpenGamma closely works with PIMCO, a subsidiary of Allianz.