Fintech startup PeerNova raises $31M in strategic funding round to accelerate growth and increase market penetration
PeerNova, a Silicon Valley fintech startup building a real-time frictionless financial markets through trust and transparency, has raised $31M in growth funding to increase market penetration, and extend the functionality and use cases of our Cuneiform Platform. The round was led by an existing investor, Mosaik Partners, with participation from Medici Ventures and Intuitive Venture Partners. The latest round brings the total fundraising to $74M.
Founded in 2013 by entrepreneurs Benjamin Gorlick, Dr. Naveed Sherwani, Emmanuel Abiodun, and Gangesh Ganesan, PeerNova’s team has deep expertise in blockchain, big data, and financial infrastructure, PeerNova solves some of the most prevalent challenges in the financial industry.
PeerNova’s Cuneiform Platform enables financial institutions to attain end-to-end digitization by unifying disparate sources of data and lifecycle events. The Platform allows financial institutions to perpetually synchronize their data across multiple internal and external systems thereby guaranteeing data and process integrity. PeerNova is based in Silicon Valley with sales offices in New York and London.
“We are very excited to announce this round of funding,” said Gangesh Ganesan, PeerNova’s President, and CEO. “We are committed to further building our unique solution that solves relevant, timely, and pertinent problems that plague data and process integrity in the financial industry. We will use this round of financing to continue our mission, increase market penetration, and extend the functionality and use cases of our Cuneiform Platform™.”
PeerNova’s Cuneiform Platform enables financial institutions to perpetually synchronize their data across multiple internal and external systems guaranteeing data and process integrity. The Cuneiform Platform simplifies reconciliation, automates exception processing, and provides greater end-to-end operational visibility across workflows in real-time.
“PeerNova’s world-class team is the force behind bringing this unique blockchain-based platform to market,” said Jonathan Johnson, President of Medici Ventures, and a PeerNova board member. “PeerNova has products in production that are solving key trust and transparency challenges, removing friction, and allowing clients to seamlessly use their resources more efficiently.”