Exclusive: CurrentDesk Lands First Round of Outside Funding as it Eyes Client Growth

CurrentDesk, a provider of broker Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and client servicing software has completed its first funding round from outside investors. The deal was reached with the advice and support from investment bank Berkshire Capital. In addition, members of FX consultancy firm Shift Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, who are registered representatives of Berkshire Capital, also were involved in the transaction. However at this time, the size of the deal as well as investors remain private.

CurrentDesk’s current products include CurrentRisk, a reconciliation product, and CurrentBusiness, a full back-office brokerage solution which includes a CRM, marketing tools, and end-user trader reports. Appearing at last year’s Forex Magnates London Summit, Travis Dahm, CurrentDesk Co-founder and Director of Business Development, presented his firm’s CurrentRisk product during the Elevator Pitch Session. Following the pitch session, Forex Magnates spoke to attendees for feedback on the presentations, of which at the time CurrentRisk garnered fairly positive opinion.

Bringing their products live last year, according to CurrentDesk, the current investment is aimed at growing their sales of the product as they stated in their public comment on the news “The capital will support the company’s focus on timely client on-boarding, as well as ongoing product development and integration of technology partners.” The company added that they have no further plans for additional funding but are “open to discussions with strategic partners and investors.”

Commenting on the investment, Travis Dahm, stated “We are excited that investors have recognized the potential that we and our clients see – as well as the need for modern software solutions to brokerage operations.” Also commenting on the firm’s press release, an investor added “We see strong global demand for software tools that support automation of brokerage functions. CurrentDesk is ideally positioned to capitalize on that demand.”