Ten Coves Capital has led a $20.5 million growth financing round in Cassini Systems, Ltd., a provider of pre- and post-trade margin and collateral analytics for derivatives market participants. Existing investor, Mosaik Partners, also joined the financing round.

Cassini’s platform enables asset managers to assess and optimize the liquidity and carry cost of its trading strategies. The firm helps its customers achieve cost savings while improving resilience to collateral stress. The deal will help accelerate product development and global market expansion.

“This financing is a crucial next step as we continue to scale our operations and add to our global client base, which includes many of the world’s largest banks and asset management firms,” said Liam Huxley, Cassini founder and CEO. “With this latest investment, we look forward to deepening and expanding our solutions, and continuing to deliver the world-class service our clients expect.”

“Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform for growth,” added Steve Piaker, managing partner at Ten Coves. “The company operates at the intersection of three powerful trends: (i) integrated data and analytics, (ii) liquidity and trading cost optimization in the capital markets, and (iii) regulatory compliance.”