Fintech company Sharegain raises $64 million for a securities lending platform


The Israeli startup has developed a securities lending-as-a-service (SLaaS) solution, which allows online brokers, private banks, asset managers and custodians to lend their stocks, bonds and ETFs.

Meir Orbach 10:3015.02.22

Fintech company Sharegain, which has developed a securities lending platform, announced Tuesday that it has raised $64 million in a Series B funding round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. . Existing participating investors include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium and family office Kessler.

Sharegain has developed a Securities Lending-as-a-Service (SLaaS) solution, which enables online brokers, private banks, asset managers and custodians to lend their stocks, bonds and ETFs, and generate income extra for their own business and their customers. The securities lending industry is estimated at $3 trillion. The company has raised $75 million to date.

Boaz Yaari, CEO of Sharegain. Photo: Orel Cohen

WestCap is a leading US VC with expertise in scaling enterprise fintech solutions. WestCap Partner Scott C. Ganeles will join Sharegain’s Board of Directors. Ganeles is the former CEO of Ipreo, a global fintech company serving global financial institutions.

Founded in 2015, Sharegain employs 50 people, including 27 in Israel. It plans to increase its workforce in the country by 50 more employees in the coming year.

“We believe that lending your stocks, bonds and ETFs is a basic property right that should be available to everyone,” said Boaz Yaari, Founder and CEO of Sharegain. “As the participation of private investors increases in the capital markets, we are leveling the playing field so that private investors, through their brokers and banks, can benefit from income-generating solutions that have been largely reserved for large financial institutions. This partnership allows us to accelerate our plans and scale for global growth, expand our offering faster, and achieve our vision of opening securities lending to all investors worldwide.

“Securities lending is one of the last vestiges dominated by today’s major financial services firms,” ​​added Scott C. Ganeles, partner at WestCap. “Sharegain’s core value proposition is its ability to provide securities lending functionality to every financial institution.”

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