What Kayenta does

Kayenta is a privately held financial technology company that provides a cloud-native Treasury Management System (TMS) purpose-built for hedge funds. Founded in 2018 by former Nomura Managing Director Matt Peakman, the company addresses a specific operational pain point in the hedge fund industry: the lack of transparency, normalization, and independent verification of financing costs charged by prime brokers across complex multi-prime, multi-asset portfolios. Kayenta aggregates, normalizes, and reconciles position, financing, and collateral data from prime brokers, administrators, and order management systems into a single unified view, then layers analytical tools on top to enable cost attribution, bill verification, optimization, and stock loan benchmarking.

The platform is built on a Microsoft Azure hub-and-spoke architecture that segregates each client's data in dedicated environments, and the company's core differentiator is an independent proprietary accrual engine that calculates financing costs at the security level to attribute charges to individual portfolio positions. Around this core engine, Kayenta offers five optional modules — Optimizations, Financing Wallet, Cost Attribution, Stock Loan Benchmarking, and Billing Compare — allowing clients to subscribe only to the functionality they need. Revenue is generated through modular subscription pricing, with a deliberately low-priced core offering supplemented by per-module fees, sold via a direct enterprise sales motion targeting hedge fund treasury teams, COOs, and finance executives globally from offices in London and New York.

The company serves hedge funds of all strategies and sizes, from single-strategy operations to multi-billion-dollar multi-strategy platforms. Disclosed enterprise clients include Pentwater Capital Management, Viking Global Investors, Aperture Investors, Two Sigma Investments, and Cantab Capital Partners. To date Kayenta has raised approximately $7.6M across four funding rounds between 2020 and 2023, and the company appears to be founder-led and largely bootstrapped aside from a $3.75M round led by South Street Securities Holdings. The firm has won consecutive annual awards from Hedgeweek and HFM in both US and European categories every year from 2021 through 2025.

Name

Kayenta

Legal name

Kayenta Ltd

Website

https://kayenta.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Kayenta is a cloud-native treasury management system for hedge funds that aggregates and normalizes prime broker financing data into a unified platform with modular add-ons for cost attribution, optimization, and benchmarking, serving funds globally from London and New York.

Ownership category

akta.pro rank

Product category

Hedge Fund Treasury Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Corporate Cash Management & Treasury Services (FSAMAOAA)

akta.pro secondary industry

Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)

Keywords

• Hedge fund treasury
• Financing cost analytics
• Prime broker management
• Treasury management software
• Cloud treasury platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Core Treasury Management System Subscription: Low-priced core treasury management system subscription with optional add-on modules. Clients only pay for the treasury management solutions they extract value from, with modular pricing based on features and functionality required.
2. Optional Modules: Additional optional modules including Optimizations, Financing Wallet, Stock Loan Benchmarking, Billing Compare, and Cost Attribution available as add-ons to the core offering for clients seeking enhanced functionality.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Kayenta offers a cloud-native Treasury Management System (TMS) that aggregates, normalizes, and verifies data from prime brokers, administrators, and order management systems for hedge funds. The platform provides analytical tools to understand financing costs, a flexible user interface for comparing costs and allocations, and optional modules for cost attribution, optimization, stock loan benchmarking, financing wallet analysis, and billing verification.

Product overview

Kayenta offers a cloud-native Treasury Management System (TMS) with a modular platform-plus-modules architecture. The core TMS provides aggregated and normalized data from prime brokers, administrators, and OMS systems through a flexible user interface. Five optional modules extend the core offering: Optimizations (identifies cost reduction opportunities), Financing Wallet (analyzes prime broker profitability), Cost Attribution (attributes costs to individual positions), Stock Loan Benchmarking (provides securities lending market data), and Billing Compare (verifies financing bill accuracy). The system uses a low-priced core offering with optional modules, allowing clients to pay only for solutions they value, serving both single-strategy operations and multi-billion-dollar multi-strategy global hedge fund platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Kayenta Treasury Management System (Core)

Quantifiable outcome

• Treasury function time reduced from hours each month-end to minutes
• +1 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• TS ImaginecoreTechnology or Integration · 1 November 2023TS Imagine entered a strategic partnership with Kayenta enabling hedge fund clients to control their financing relationships across portfolios through TS Imagine's multi-asset trading and risk management solution, TS One. Clients of TS One can now access Kayenta's analytics for cash and collateral management, liquidity, and cost control services across global, multi-asset, and multi-prime portfolios. The partnership allows treasury management teams to automate key data and reporting processes to optimize operational efficiencies.
• Industry Leading Securities Lending Data ProvidercoreTechnology or IntegrationKayenta partnered with an industry leading securities lending data provider to overlay market data on client portfolios. The partnership provides information collected daily on over 45,000 global securities from over 140 market participants with 10 years of historical data, enabling transparency to the securities lending market with insights relevant to client positions.
• Microsoft AzurecoreTechnology or IntegrationKayenta's treasury management software operates on Microsoft Azure cloud infrastructure, leveraging Azure's defense-in-depth design, 3,500+ global cybersecurity experts, and compliance certifications including ISO 27001, SOC 1/2/3, FedRAMP, and HITRUST. The hub-and-spoke architecture ensures clear separation of each customer's data.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• TS Imagine: Provider of multi-asset trading, risk, and treasury management solutions for hedge funds and asset managers. Direct competitor and partner to Kayenta via the TS One integration, making it both a commercial ally and a potential substitute in the broader hedge fund treasury workflow.

Direct peers

• GTreasury: Cloud-based treasury management system serving corporate treasuries and financial institutions with cash management, payments, and bank connectivity. Overlaps with Kayenta's core TMS functionality, though GTreasury is broader across corporate use cases while Kayenta specializes in hedge fund treasury.
• Trovata: Open banking-powered treasury management platform for finance teams. Similar modular SaaS approach targeting treasury functions with bank data aggregation, making it a comparable alternative to Kayenta's core offering in adjacent verticals.
• Treasury Intelligence Solutions (TIS): Cloud-based platform for treasury, payments, and banking connectivity used by corporates and financial institutions. Directly comparable to Kayenta's modular TMS architecture, with broader corporate applicability but less hedge-fund-specific depth.
• Pirum Systems: Securities finance and collateral management technology provider serving prime brokers, hedge funds, and asset managers. Comparable to Kayenta's Stock Loan Benchmarking and Billing Compare modules with deep domain overlap in securities lending and counterparty exposure management.

Broad incumbents

• Kyriba: Large, well-capitalized cloud treasury and finance platform serving enterprise corporate treasuries globally. A scaled incumbent with broader treasury functionality that could credibly enter the hedge fund vertical if the niche proves attractive.
• ION Treasury (Reval): Large-scale treasury and risk management solution acquired by ION Group, serving global corporate treasuries and financial institutions. A scaled incumbent with the resources to expand into hedge fund treasury if it chooses to compete more directly with Kayenta.
• Finastra: Major financial technology vendor providing treasury, capital markets, and lending solutions to banks and asset managers. Already integrated into prime brokerage workflows, making it a potential competitor or partner for hedge fund treasury analytics.
• SS&C Advent Geneva: Asset and fund accounting platform widely used by hedge funds, with capabilities overlapping Kayenta's portfolio and financing analytics. A scaled incumbent whose expansion into treasury analytics could challenge Kayenta's positioning within its installed base.
• Bloomberg AIM: Order and investment management system from Bloomberg widely deployed at hedge funds for multi-asset trading and post-trade workflows. Adjacent to Kayenta's TMS through OMS/EMS data integration, with potential to expand into financing analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kayenta-ltd

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds4 records

Investors1 record

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 Kayenta