Wematch announces strategic growth investment from the Apax Digital Funds
2nd September 2026
Apax Investment will accelerate Wematch's mission to become the leading technology platform for securities finance and capital markets workflows. Primary capital wiInvestment will accelerate Wematch's mission to become the leading technology platform for securities finance and capital markets workflows.
- Primary capital will accelerate product development, including data and AI capabilities, and international growth, with expansion planned in securities lending, buy-side connectivity and the Americas and Asia-Pacific
- Strategic investors Barclays, Deutsche Börse Group, J.P. Morgan and Societe Generale, together with Wematch’s management team, all remain shareholders
Wematch.live (“Wematch”) today announced a strategic investment from funds advised by Apax Digital, the growth equity arm of Apax Partners LLP (“Apax”), supporting Wematch’s mission to become the leading technology platform for securities finance and capital markets workflows.
Securities finance sits at the centre of global capital markets. Banks, brokers and investors use total return swaps and securities lending to finance positions, manage collateral and put inventory to work. Screens reached parts of this market long ago, but its most complex trades, and much of what happens after execution, are still handled over phone calls, chat messages and spreadsheets. A single total return swap can reference a basket of hundreds of securities, each needing substitutions, resets, and corporate action handling across the life of the trade. This is manual work that consumes trading capacity and carries real operational risk.
Wematch replaces that manual work with regulated, deterministic, and fully auditable infrastructure covering the full life of a trade. Most major banks, and a growing number of buy-side institutions, use the platform to find counterparties, compare and negotiate terms, execute, and manage every subsequent lifecycle event in a single workflow, connected to their own systems through APIs. The platform operates a regulated multilateral trading facility in Europe and a regulated broker-dealer, alternative trading system and security-based swap execution facility in the United States.
The results are reflected in the platform’s strong levels of adoption and activity. Close to $2 trillion of ongoing notional is now managed on Wematch, and over the past twelve months the platform handled some $7 trillion of basket substitutions, work that once took hours over phone and chat and now completes in minutes.
Wematch's strategic investors, Barclays, Deutsche Börse Group, J.P. Morgan and Societe Generale will remain invested alongside the Apax Digital Funds, continuing partnerships that in several cases date back to Wematch’s earliest years. Following completion, the Apax Digital Funds will be Wematch’s majority shareholder, and the company will continue to operate as an independent platform serving all market participants.
Completion is expected in Q4 2026, subject to customary regulatory approvals.
Joseph Seroussi, Chief Executive Officer, Wematch, said: “When we founded Wematch ten years ago, we believed securities finance needed a better way of working. Our vision was to bring trading and workflows together on a single platform, eliminating unnecessary complexity so market participants could focus on what they do best.
This partnership gives us the backing to pursue that vision at a new level. Together with Apax and the continued support of Barclays, Deutsche Börse Group, J.P. Morgan and Societe Generale, we’re strengthening the foundations of Wematch as a globally regulated market infrastructure for securities finance.
None of this would have been possible without the trust of our clients and partners, or without the dedication of the Wematch team over the past decade. Our clients have helped shape our platform, and our people have quietly built the company that stands here today.
For our clients, this is a clear signal: Wematch is built to last. We’ll continue investing in our regulated footprint across major financial markets, expanding our global platform, and deploying AI capabilities that are already transforming how our clients operate.
Our mission hasn’t changed. We now have the means to deliver it at a different scale.”
Mark Beith, Partner, Apax Digital said: “Market after market has been transformed by electronic workflows: equities, FX, rates, and credit. Securities finance is next, and Wematch is becoming its operating system. Close to two trillion dollars of notional already runs on its regulated infrastructure, and the world’s leading banks and market infrastructure providers aren’t just its customers and partners – they’re its shareholders. We’re thrilled to partner with Joseph, David, Elie, Guillaume, Anne and the team to build the defining platform in this market.”
