SRA Watchtower Raises $4 Million in New Funding Led by FINTOP Capital, JAM FINTOP, and EJF Capital
New Capital to Accelerate Expansion of Watchtower, The Holistic Risk and Business Intelligence PlatformTM
GLEN ALLEN, Va., February 18, 2025--(BUSINESS WIRE)--Financial technology platform SRA Watchtower, announced today the completion of a new $4 million funding round, led by existing investors FINTOP Capital, JAM FINTOP, and EJF Capital. This funding round follows the successful acquisition of Lumio Insight, further supporting the company's growth and expansion.
"Bank leaders and risk committees need reliable and timely data to make informed decisions. We see the industry consistently demanding better and more versatile tools in this space," said Joe Maxwell, Managing Partner at FINTOP Capital and Chairman of SRA Watchtower's Board of Directors. "Watchtower's Holistic Risk and Business Intelligence Platform delivers timely and powerful data analytics. This team is well-positioned to scale and iterate upon this technology to address the evolving needs of the financial industry."
This funding will build upon the recently acquired Lumio Insight application suite with its advanced data management and analytics capabilities to create AI-powered 'Risk Insights'. The seamless integration of these technologies will streamline and automate data ingestion into Watchtower's risk engine, enabling transformative reporting and configurable dashboards that deliver actionable insights.
"Watchtower creates the clearest picture of data through robust dashboards and reporting, empowering executives to cut through the noise, focus on what matters most, and make informed decisions on critical issues," said Russ Bernthal, SRA Watchtower Board Member. "Automating the ingestion of core system, general ledger, BSA, fraud, ALCO, economic, and other risk-related sources optimizes data aggregation and creates a single warehouse from which to generate risk and financial insights."
"SRA Watchtower is committed to helping financial institutions unlock the power of data which we believe is the currency of the future," said Edward Vincent, CEO of SRA Watchtower. "This new funding further validates our mission of empowering institutions with actionable insights to optimize risk."
About SRA Watchtower
SRA Watchtower is a leading SaaS provider of innovative risk management and financial insight solutions, serving the financial services industry and beyond. Our suite of proprietary technology solutions and methodologies was built "by risk pros for risk pros" and designed to help customers optimize risk to accelerate growth. Watchtower, The Holistic Risk and Business Intelligence Platform™ provides practitioners, executives, and the Board with a timely, panoramic view of risk, enhanced by AI-powered data analytics, to make risk-informed decisions. Learn more at SRAwatchtower.com.
About FINTOP Capital
FINTOP Capital is a venture firm focused on early-stage, B2B fintech companies. With $700+ MM in committed capital across five funds, the team has decades of industry experience as entrepreneurs, operators, & investors. FINTOP partners invest in experienced founders and products changing the way financial institutions, businesses, and their customers interact with money. For more information, visit fintopcapital.com.
About JAM FINTOP
JAM FINTOP is a joint venture between JAM Special Opportunity Ventures and FINTOP Capital. The partnership brings together bank experts and seasoned fintech entrepreneurs. 90+ banks with $1.3 T in combined assets are investors in JAM FINTOP funds. For more information, visit www.jamfintop.com.
About EJF Capital
EJF Capital LLC ("EJF") is a global alternative asset management firm focused primarily on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional office in London. EJF manages approximately $5.4 billion of private equity assets, hedge fund assets, and separately managed accounts, which includes $2.9 billion of CDO assets through its affiliates. EJF's approach combines investment expertise across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250218556880/en/
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Gabriela Fowler // Angelo Jonesgabriela@williammills.com // angelo@williammills.com 678.781.7229 // 678.781.7230
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