CurrentDesk, a provider of broker risk management 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, 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.
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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.”