Secfi Chooses SS&C to Administer Financing Fund

Rhea-AI Summary

SS&C Technologies (Nasdaq: SSNC) announced that Secfi, a leader in employee equity planning and financing, has selected SS&C for fund administration and accounting services. This partnership aims to enhance support for private company shareholders seeking liquidity for employee stock options. SS&C's technology will streamline pre-IPO equity financing, facilitating growth in the private credit lending sector. Secfi's COO praised SS&C for its flexibility and expertise, anticipating future market expansion.

Positive

• Secfi selected SS&C for fund administration and accounting, indicating trust in SS&C's capabilities.
• SS&C's technology is expected to streamline financing for employee stock options, enhancing service offerings for start-ups.
• The partnership supports growth in the private credit lending sector, reflecting market expansion opportunities.

Negative

• None.

Precision LM will support employee equity planning and financing platform

WINDSOR, Conn., June 16, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Secfi, the leading employee equity planning and financing platform, has retained SS&C to provide administration and fund accounting for its fund. In addition, SS&C's Precision LM™ and TNR Solution™ will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options.

SS&C's technology will enable the financing of pre-IPO equity and provide liquidity to employees of start-up customers while ensuring straight-through processing. In addition, the solution's ability to accommodate private credit lending and support the fund's launch and growth influenced Secfi's choice.

"SS&C is among the best and most reputable intelligent fund administrators," said Jaime Moreno de los Rios, Secfi Chief Operating Officer. "They offer the flexibility and expertise to accommodate our unique requirements and the scalability to grow as this exciting market expands."

"Secfi provides an innovative solution for startup employees through its technology platform and is engaging with SS&C to further streamline its financing offering and provide the best experience for its clients," said Dan Pallone, Vice President Mortgage REIT and Loan Solutions. "SS&C has a proven track record of bringing innovative, flexible solutions to the industry and solving the newest and most unique challenges. We look forward to supporting Secfi's future success."

More than 125 bank and non-bank lenders and servicers use Precision LM to support their lending operations, with growth accelerating over the last year following the recent expansion of private credit lending. Learn more about Precision LM here.

About Secfi

Secfi is trusted by thousands of start-up employees for equity planning and financing. We're the first to provide a proprietary suite of equity planning tools, 1:1 guidance with licensed equity strategists, and a set of financing products that enable employees to own a stake in the company they helped build. We also provide company-wide education for start-ups at all stages to help their team make the best decision for their own situation. Currently, we have worked with employees from more than 80% of all U.S. unicorns. For more information, please visit www.secfi.com.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. 

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SOURCE SS&C

FAQ

What services is SS&C providing to Secfi?

SS&C is providing fund administration and accounting services for Secfi's equity planning and financing platform.

How does SS&C's technology benefit Secfi?

SS&C's technology streamlines access to financing for employee stock options, enhancing liquidity for employees of start-ups.

When was the partnership between Secfi and SS&C announced?

The partnership was announced on June 16, 2022.

What is the significance of SS&C's Precision LM technology?

Precision LM technology supports private credit lending and facilitates efficient financing operations for private company shareholders.

Who commented on the partnership from Secfi?

Jaime Moreno de los Rios, Secfi's Chief Operating Officer, praised SS&C for its flexibility and scalability.