What Instimatch Global does

Instimatch Global AG is a Zurich-based digital trading platform provider founded in 2017 that operates a web-based marketplace for institutional liquidity management. The company serves banks, non-banking financial institutions, corporates, and public authorities with a unified suite of products covering cash deposits (MoneyMatch, Secured Deposit), repos (RepoBlick), money market funds, foreign exchange (Total FX), call money positions, and digital promissory notes (e-Bills). Its flagship MoneyMatch is described as the world's first primary market for unsecured cash deposits, enabling digital deal negotiation, automated trade capture, and rules-based execution across a 300+ counterparty network spanning 32 countries as of 2025.

The platform is built around a web-based user interface that delivers real-time price discovery, algorithmic execution via an Algorithmic Trading Module, and automated post-trade processing through integrations with major treasury management systems including SAP, Kyriba, Coupa, FIS Integrity, and Finastra. Notable technical components include Interest Rate Data Analytics (delivered via Derivox), API augmentation for FX, and Islamic finance capabilities supporting Murabaha transactions through commodity agent partnerships with DDCap, Bahrain Bourse, and Eiger. Single Sign-On integration into Goldman Sachs' Mosaic Platform extends reach into money market fund distribution.

Instimatch operates a B2B go-to-market combining direct enterprise field sales, regional resellers (notably SkySparc for the Nordics), and white-label distribution (Frontclear for emerging and frontier markets). Revenue is generated through platform subscriptions and transaction fees on money market deposits, repos, FX, and other instruments. The company has scaled annual trading volume from $1.2bn in 2019 to $661bn in 2024, with $4-6bn daily trading value and $50-100bn daily interest reported. Following a CHF 11.5-12.3 million Pre-Series A round in September 2023, Instimatch successfully closed a Series A round in 2025 to support continued product and geographic expansion across EMEA, MENA, Africa, Latin America, and Southeast Asia.

Name

Instimatch Global

Legal name

Instimatch Global AG

Website

https://instimatch.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Instimatch Global AG operates a web-based digital trading platform enabling 330 institutional clients across 32 countries — including banks, NBFIs, corporates, and public authorities — to discover prices and execute trades across cash deposits, repos, money market funds, FX, call money, and digital promissory notes via a unified one-stop-shop marketplace with integrated TMS connectivity.

Ownership category

akta.pro rank

Product category

Institutional Liquidity Trading Platform

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Trading Networks / Interdealer Broker Platforms (FSAFAEAJ)

akta.pro secondary industries

Algorithmic Trading & Execution Platforms (FSAFANAN), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded FX & Cross-Border Treasury (FSAGALAG)

Keywords

• Institutional liquidity trading
• Money market platform
• Repo trading software
• Treasury management platform
• FX trading solutions

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Subscription: Interest Rate Data Analytics included in current subscription packages at no additional cost. The platform operates on subscription-based model for institutional access to the digital trading platform.
2. Transaction Fees: Revenue generated from facilitating trades on the platform for money market deposits, repos, FX, and other instruments.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Instimatch Global operates a web-based digital trading platform that enables institutional clients to discover prices and execute trades across cash deposits, repos, money market funds, FX, and digital promissory notes (e-Bills). The platform connects 330 institutional clients across 32 countries, offering digital negotiation, automated trade capture, algorithmic trading, Murabaha support, and seamless integration with major treasury management systems for post-trade processing.

Product overview

Instimatch Global offers a unified digital trading platform for institutional liquidity management with seven core products: MoneyMatch (primary market for unsecured cash deposits), Call Money (call money position management), Secured Deposit (collateralized deposits), RepoBlick (repo trading), Total FX (foreign exchange), Money Market Funds Portal (fund discovery), and e-Bills (digital promissory notes). The platform serves as a one-stop-shop connecting over 330 institutional clients across 32 countries, enabling efficient price discovery, real-time matching, and seamless TMS integration. Key add-on modules include the Algorithmic Trading Module for automated execution and Interest Rate Data Analytics for yield curve visualization. The platform is delivered via web-based user interface with API augmentation capabilities for Total FX and automated trade capture integrations with major TMS providers including SAP, Kyriba, FIS, and Finastra.

Differentiator

Problem solved

Functional benefit

Brands

• MoneyMatch: The world's first primary market for unsecured cash deposits
• Call Money
• Secured Deposit
• RepoBlick
• Total FX
• Money Market Funds
• e-Bills

Products and services

• MoneyMatch The world's first primary market for unsecured cash deposits, enabling institutional clients to discover prices and execute trades with over 300 counterparties through digital deal negotiation, automated trade capture, compliance-friendly configuration, Murabaha support, and an algorithmic trading module. For institutional treasurers, banks, corporates and NBFIs.
• Call Money Platform for trading, managing, and optimizing call money positions with features including centralized price requests from banks, fast execution, portfolio overview, real-time balances, flexible management, and rate alerts. For institutional liquidity managers.
• Secured Deposit Collateralized deposits combining attractive returns with enhanced credit protection, featuring principal protection with high-grade collateral coverage and bail-in immunity under the UK bail-in regime. For institutional depositors seeking credit-protected money market exposure.
• RepoBlick Democratizing repo trading with instant price discovery, orderbook and RFQ negotiation workflows, automated trade capture, collateral inventory management, and a collateral directory for traditional and Sukuk global collateral. For institutional repo market participants.
• Total FX Comprehensive FX solutions for buy and sell side, providing access to top liquidity providers including emerging and frontier markets, full range of order types, high frequency/low latency execution, core price formation, liquidity distribution markups, algorithmic hedging, API augmentation, and white-label capabilities. For institutional FX trading desks.
• Money Market Funds Portal One-stop-shop for finding money market funds with a growing list of fund providers, sortable yields across sectors and currencies, single sign-on, and straight-through trading capabilities via Goldman Sachs Mosaic SSO. For institutional fund selectors.
• e-Bills Digital platform bringing bills of exchange, promissory notes and more to the digital age with primary issuance, full custody and ISIN on CSD infrastructure, full legal backing under the UK Electronic Trade Documents Act, and secondary markets with repo capabilities. For institutional issuers and investors in short-term paper.
• Interest Rate Data Analytics Visual analytics solution for treasurers and liquidity managers featuring historical rates (Overnight, 1 month, 3 months, 2 years, 5 years, 10 years), central bank rates with forecasts, actual yield curves from spot up to 30 years, and implied forward rates. Delivered through Derivox collaboration. For treasurers, ALM and fixed income professionals.
• Munix Trading platform for public authorities providing impartial market information and enabling efficient money market transactions for local authorities, government entities and public sector organizations.

Quantifiable outcome

• 63% increase in customers in 2023
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability2 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• SkySparccoreChannel Partner/ Reseller/ Distributor · 1 January 2024Strategic partnership with SkySparc to expand into the Nordics. SkySparc serves as Nordic reseller introducing corporate clients and financial institutions in Sweden, Norway, Denmark, and Finland to Instimatch's platform.
• MuqassaminorStrategic or Co-development Partner · 1 January 2024Partnership with Muqassa in 2024 for market expansion.
• FrontclearcoreStrategic or Co-development Partner · 1 January 2023White-label technology partnership where Instimatch provides money market platform for unsecured deposits, FX and repo trading. Partnership expanding into Africa and Latin America for emerging and frontier markets. Instimatch became the white-label engine behind Frontclear's next wave of growth targeting Central Asia, Africa, and Central America.
• Goldman SachscoreTechnology or Integration · 1 January 2022Integration of Goldman Sachs Mosaic platform enabling single sign-on for Money Market Funds access. Users can seamlessly access Goldman Sachs' Mosaic platform directly from Instimatch.
• SAPcoreTechnology or IntegrationIntegration partnership for automated trade capture. Seamless post-trade processing integration with SAP S/4HANA.
• KyribacoreTechnology or IntegrationIntegration partnership for automated post-trade processing through Kyriba treasury management system.
• FIScoreTechnology or IntegrationIntegration into FIS Integrity treasury management system enabling automated post-trade processing. Lonza treasury team piloted this integration.
• MunixminorStrategic or Co-development PartnerLaunch of Munix trading platform for public authorities providing impartial market information and e-bill capabilities.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Trad-X (ICAP/Tradition heritage):
• TP ICAP: TP ICAP is one of the world's largest interdealer brokers with electronic platforms (including iSwap and Fusion) across rates, FX and money markets. It competes with Instimatch in repo, FX and short-term rate products while also representing an established incumbent partnership channel.
• Mosaic by Goldman Sachs: Goldman Sachs Transaction Banking's Mosaic platform offers digital money-market fund access and treasury workflows to institutional clients. It is both a competitor to Instimatch's Money Market Funds Portal and a partner via the 2025 single-sign-on integration, illustrating the incumbent threat.
• Tradeweb: Tradeweb is a leading institutional electronic trading platform spanning rates, credit, FX and money markets, serving the same buy-side and sell-side institutional clients as Instimatch. It is a broader incumbent with much deeper product breadth and global liquidity, against which Instimatch competes on digital primary-market access and TMS-grade workflow integration.

Direct peers

• TreasurySpring: TreasurySpring operates an institutional money-market trading platform for placing and investing cash deposits and repos digitally. It is the closest direct competitor to Instimatch's MoneyMatch, Call Money and RepoBlick products in serving corporate treasuries and financial institutions.
• BGC Group (Fenics): BGC Group and its Fenics electronic trading division operate interdealer and institutional electronic markets across rates, FX and credit. Fenics competes with Instimatch's repo (RepoBlick) and FX (Total FX) offerings, particularly for bank and buy-side flow.
• 360T (Deutsche Börse): 360T is a global FX and money-market electronic trading platform owned by Deutsche Börse, providing institutional FX execution, swaps and deposits. It directly overlaps with Instimatch's Total FX and money-market deposit offerings for corporate and bank treasuries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/instimatch
• LinkedInch.linkedin.com/company/instimatch-global-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Instimatch Global