Proxymity Raises $20.5M From HSBC, JP Morgan, and Deutsche Bank

Around May 6, 2020, Proxymity announced a $20.5M funding round backed by HSBC, JP Morgan, Deutsche Bank, and other institutional investors. Originally spun out from Citi, Proxymity offers a real-time, API-driven platform for investor communications, proxy voting, and shareholder disclosures. The platform was already live in multiple countries at the time of the raise.

The investment from several of the world's largest banks signals strong demand for modernized, API-based infrastructure in capital markets operations. Proxymity's technology replaces legacy communication channels between issuers, intermediaries, and investors with real-time digital connectivity. The strategic nature of the investor base — composed of banks that are also potential customers — positions the company as a key infrastructure layer in the financial ecosystem.

Financial terms beyond the total raise were not disclosed. The round demonstrates how embedded fintech solutions are extending beyond consumer banking into institutional and capital markets workflows.