Business
RISE Financial Services, LLC, a Subsidiary of Siebert, Purchases Minority Stake in Hedge Connection Inc., A Woman-Owned and Patented FinTech Company Providing Capital Introduction Solutions
– RISE Financial Services, LLC, to offer the only woman-owned and patented FinTech platform providing virtual capital introductions for hedge funds – Lisa
About this update from Siebert Financial Corp.
[{"type":"text","content":"\n– RISE Financial Services, LLC, to offer the only woman-owned and patented FinTech platform providing virtual capital introductions for hedge funds\n\n– Lisa Vioni, co-founder of Hedge Connection, appointed President of RISE Prime – Head of Capital Introductions, joining a distinguished women-led leadership team\n\n– Lisa Vioni appointed to the Board of RISE Financial Services\n\n– RISE Prime, a Division of RISE Financial Services, LLC, Aligned with Growing Mission-Driven ESG Initiatives of Institutional Investors\n\n NEW YORK--(BUSINESS WIRE)--\nRISE Financial Services, LLC, (“RISE Financial”), a subsidiary of Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a provider of financial services, today announced that it has completed the acquisition of a 20% equity stake in Hedge Connection Inc (“Hedge Connection”), the only woman-owned FinTech company offering a patented enterprise capital introduction SaaS solution through its product Fintroz. As part of the transaction, RISE Financial acquired the right to purchase up to the remaining 80% of Hedge Connection.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220125005215/en/Lisa Vioni – CEO of Hedge Connection (Photo: Business Wire)\nHedge Connection’s powerful Fintroz platform allows hedge fund managers to connect with a global pool of institutional investors and retain control over how their information is shared while helping allocators to streamline due diligence. The Fintroz platform provides RISE Financial and its division, RISE Prime, with a technology solution to efficiently scale a comprehensive capital introduction program for clients.\n\nRISE Prime specializes in offering a comprehensive suite of prime brokerage services aligned with the growing mission-driven Environmental, Social and Governance (“ESG”) initiatives of institutional investors. RISE Prime serves as a strategic partner to institutional clients when diversity and access to best-in-class prime brokerage services matter.\n\nLisa Vioni will continue as the CEO of Hedge Connection and has been appointed President of RISE Prime - Head of Capital Introductions. Ms. Vioni will lead the capital introduction effort at RISE Prime in offering all clients, including emerging managers, access to a comprehensive program that will include virtual one-on-on...