14 Mar 2018

ICON have advised Mosaic Smart Data on a strategic investment by JP Morgan.

Mosaic Smart Data help banks make their fixed-income sales and trading businesses more profitable. The platform helps visualize data and can be used by traders to figure out which clients are more likely to be interested in a given deal. It can also be used by bank bosses to track trading desk and trader performance.

Mosaic will use the funding to double its headcount and expand its platform to cover additional asset classes for new and existing clients.

Matthew Hodgson, Founder and CEO of Mosaic Smart Data said: “J.P. Morgan’s investment is testament that our technology has been built specifically for the challenges of capital markets. We look forward to using the investment to further empower our clients to gain insights across asset classes. Data analytics and artificial intelligence are changing the face of investment banking. Banks understand that the insights locked away in their transaction and market data are potentially some of their biggest competitive advantages. They already have the raw materials, but Mosaic Smart Data’s real-time data analytics platform MSX® gives them the tools to aggregate and standardise that data and put it to work intelligently.”

Alan Bristow, CEO, ICON Corporate Finance who acted for Mosaic on the deal added: “We’re extremely excited and proud to have advised Mosaic Smart Data on this landmark deal with one of the world’s largest investment banks. Mosaic has built an exceptional platform, leveraging technology that enable banks to monetise their data and this investment will help accelerate Mosaics growth into a massive global market opportunity.”

This transaction further supports ICON's FinTech deal expertise which includes among others the strategic investment by Aviva into Wealthify, Synova Capital & FiveW Capital's investment into Merit, the acquisition of Cypad by ParentPay and Parmenion by Aberdeen Asset Management.