Moment Raises $36M to Rewire Fixed-Income’s Outdated Infrastructure
With $56M in total funding and backers like Index and Andreessen Horowitz, Moment targets the billion-dollar inefficiencies haunting bond markets.
New York, July 9: Moment just pulled in a $36 million Series B, led by Index Ventures, with Andreessen Horowitz, Lightspeed, Venrock, Neo, and Contrary also writing checks. That brings total funding to $56 million. The round was announced this morning. What they’re building isn’t another B2B workflow toy. It’s infrastructure for fixed-income trading—one of the few corners of finance still stuck in the dark ages.
Fixed-Income’s Broken Plumbing
The public rarely sees how bad things are behind the curtain in fixed-income. Most bond desks still move billions through Excel, phone calls, and Outlook. It’s not inefficient—it’s actively dangerous. Trades fall through cracks, compliance is retroactive, and portfolio management is held together with duct tape. That’s the gap Moment is targeting.
This is less about “disruption” and more about replacement. If fixed-income shops want to scale, automate compliance, and protect margin in a volatile rate environment, they need to replace the pipes. Period.
Inside Moment’s Strategy
What Moment is selling isn’t just software—it’s replacement limbs for firms like LPL Financial and Sanctuary Wealth. The platform doesn’t stop at trade execution. It handles optimization, risk, compliance, reporting, and client-ready outputs. That matters. Because wealth managers aren’t just looking for speed—they need audit trails, tax efficiency, and scalability across thousands of accounts.
There’s also a smart tactical move at play: Moment embeds engineers directly with institutional clients to co-develop solutions. That’s not sexy, but it wins trust fast. Clients don’t want a “platform” that needs a six-month integration window. They want answers today.
Why This Round Matters
The investor mix is strong, but look closer. Index’s Jan Hammer—ex-Robinhood and Adyen—is joining the board. That’s not a vanity role. It signals a serious bet on Moment becoming core infrastructure, not just a tool. Andreessen Horowitz, Lightspeed, Venrock, and others joining the round only reinforces that this isn’t a play on AI hype or macros—it’s a structural bet on a market overhaul.
Moment says its software unlocks eight-figure revenue streams and 10x productivity for clients. Take that with a grain of salt. But in a vertical where 10% gains can drive bottom-line impact, even incremental improvement is worth real money.
Hiring, Scaling, Surviving
The funding will go toward R&D, deeper institutional partnerships, and expanding the New York team. Translation: more engineers, more sales leads, and more white-glove deployment teams. That’s expensive but necessary. Fixed-income doesn’t tolerate half-baked tools, and client demands in this space are brutal.
They’re not hiring to “scale.” They’re hiring to survive every due diligence call, every vendor compliance audit, and every 3 a.m. production issue. Welcome to fintech.
The Real Takeaway
This isn’t a hype story. It’s a reminder: the quiet parts of finance are finally getting rewired. And the firms that do it well—those that understand the day-to-day operational pain, the compliance triggers, the trading desk politics—are going to eat. Not because they’re the most “innovative,” but because their clients simply can’t afford the alternative anymore.
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