What Wematch.live does

Wematch.live is an Israeli-founded fintech founded in 2017 that operates a digital marketplace and workflow platform for securities financing, spanning Total Return Swaps (TRS), Securities Borrowing and Lending (SBL), Repos, Synthetic ETFs, and Financial Resource Management (FRM). The product is structured as a core platform plus specialised modules — including SM@RT Matching (a proprietary constraint-based optimiser), FRM Optimiser, Sales to Trader, TRS Cash Flow Management, Synthetic ETFs, and a Data and Contribution Service — delivered as a web-based SaaS with API-first integration into client booking systems, risk engines, and clearing/CCP vendors. Technologically, the platform is built on a cloud-based serverless Node.js/React architecture running on AWS, with stated capacity of 10 million simultaneous interests in live data and up to 6,000 trades per minute. Wematch has expanded beyond SaaS into regulated trading venues: it operates a UK FCA-authorised Multilateral Trading Facility (Wematch.live FS Ltd, FRN 1019144) and, in the US, is registered as a broker-dealer with FINRA/SIPC, an Alternative Trading System (ATS), and an SEC-registered Securities Based Swap Execution Facility (SBSEF) for security-based swaps, with technology in France operated by Market Securities (France) SA under ACPR/AMF authorisation.

The company serves sell-side firms (banks, brokers, prime services, dealers) and buy-side firms (asset managers, institutional investors) — customers named publicly include ABN AMRO, Barclays, BBVA, BlackRock, BNP Paribas, BNY Mellon, Bank of America, Citigroup, Commerzbank, Credit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, ING, JPMorgan, Morgan Stanley, NatWest Markets, Nomura, Société Générale, Standard Chartered, UBS, Aviva Investors, AXA, and others. The platform reports 85+ financial institutions and 1,200+ dealers connected, processes $2 trillion in annual notional volume (FY2023), and reached $1.82 trillion ongoing notional in June 2026 with +11% month-over-month growth. Headquarters are in Herzliya/Tel Aviv, Israel, with primary sales and operations offices in London, New York, Paris, Hong Kong, and Singapore.

Wematch monetises through a combination of platform subscriptions and MTF transaction fees on securities financing transactions (TRS, SBL, Repo), with quote-based multi-year enterprise contracts tailored to institution size and usage. Strategic investors are embedded in the customer base — Barclays, Deutsche Bank, JPMorgan, and Société Générale are both clients and equity backers, alongside Augmentum, CEIC, Illuminate, and DB1 Ventures, with cumulative equity funding exceeding $40 million. The company has won multiple industry awards (SFT Trading System of the Year 2025, repeated Innovation of the Year 2018-2020, ISF Capital and Financial Markets) and pursues strategic ecosystem partnerships with Eurex (bTRFs), MTS (IRS), and S&P Global Market Intelligence.

Name

Wematch.live

Legal name

Wematch Ltd

Website

http://www.wematch.live

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Wematch.live is a fintech operating a digital marketplace for securities financing, providing automated matching, lifecycle management, and trading infrastructure for TRS, Securities Lending, and Repo to banks and asset managers globally via a UK-regulated MTF and US SBSEF.

Ownership category

akta.pro rank

Product category

Securities Financing Technology

NAICS

Software Publishers (5132), Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (52316)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Algorithmic Trading & Execution Platforms (FSAFANAN)

Keywords

• Securities lending platform
• Total return swaps
• Collateral optimization software
• Regulated trading venue
• Lifecycle management automation

Headquarters

HQ city

Herzliya

HQ country

Israel

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. MTF Trading Fees: Wematch operates regulated Multilateral Trading Facilities (MTFs) in Europe and as a Broker Dealer/SBSEF in the US, charging fees on securities financing transactions including TRS, SBL, and Repos executed through the platform.
2. Platform Subscription/Connectivity: Financial institutions pay for access to the platform's matching, negotiation, lifecycle management, and workflow automation tools. All customers benefit from updates and enhancements at no additional cost.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Wematch.live develops a web-based, API-first SaaS platform that replaces voice broking by automating matching, negotiation, and lifecycle management for securities financing transactions. The platform offers modules for Total Return Swaps (TRS), Securities Borrowing and Lending (SBL), Repo, FRM Optimizer, Sales to Trader, TRS Cash Flow Management, Synthetic ETFs, and a Data and Contribution Service, and operates regulated venues (UK MTF and US SBSEF) for live multilateral execution.

Product overview

Wematch.live is an award-winning fintech platform founded in 2017 that provides a unified digital marketplace for securities financing workflows. The platform operates as a platform-plus-modules architecture centered on the Wematch Platform, which connects buy- and sell-side firms for trading across Total Return Swaps (TRS), Securities Borrowing and Lending (SBL), Repo, and Synthetic ETFs. Key modules include SM@RT Matching (proprietary optimization engine), TRS module, FRM Optimizer, Sales to Trader, TRS Cash Flow Management, Synthetic ETFs, and Data and Contribution Service. The platform is delivered as a web-based SaaS with API connectivity and operates regulated Multilateral Trading Facilities (MTF in UK) and a Securities Based Swap Execution Facility (SBSEF in US). Wematch serves 85+ financial institutions with 1,000+ dealers globally and processes over $2 trillion in annual notional volume.

Differentiator

Problem solved

Functional benefit

Brands

• SM@RT Matching: Proprietary technology that allows lenders and borrowers to define their own rules and constraints on the platform for securities lending optimization, including RWA weighting, collateral schedules, currencies, borrower ranking, and lender ranking.
• Oz by Wematch.live
• Wematch MTF
• Wematch SBSEF

Products and services

• Wematch Platform Central award-winning SaaS platform digitising securities lending and TRS workflows for buy- and sell-side financial institutions, providing smart matching, negotiation, lifecycle management, and workflow automation tools.
• SM@RT Matching Proprietary optimisation engine for securities lending that allows lenders and borrowers to define rules and constraints (RWA weighting, collateral schedules, currencies, counterparty rankings) and produces optimal trade combinations in real time.
• TRS (Total Return Swaps) Module Module automating TRS trade matching, collateral optimisation, lifecycle management, and sales-to-trader workflows for dealers executing total return swaps on equities, naturals and financing structures.
• SBL (Securities Borrowing and Lending) Module Module for securities lending that automates workflow across general collateral, in-demand specials, illiquid mid-small cap names, ETFs, corporate bonds and special situations, providing digital matching and negotiation tools.
• FRM Optimizer Tool for Financial Resource Management desks that simplifies, systemises, and optimises recall and substitution processes for principal composition baskets and bilateral collateral baskets on securities-based lending financing trades.
• Sales to Trader Module enabling seamless digital workflow and communications between internal sales teams and traders, and with external clients, replacing multiple communication tools with a unified auditable channel and 1-click RFQ.
• TRS Cash Flow Management Tool that streamlines, digitises and automates cash flow management for TRS trades, including automated trade capture, reconciliation, lifecycle event capturing, and network consensus building.
• Synthetic ETFs Module Module consolidating collateral management and automating optimisation for Synthetic ETF positions hedged via TRS, incorporating rules for UCITS concentration limits, ESG constraints, custom index requirements and concentration limits.
• Data and Contribution Service Ecosystem for transparent data sharing to enhance price transparency and standardisation of TRS funding curves, allowing Prime Finance desks to contribute prices during regular online sessions.
• Oz by Wematch.live First client-facing securities finance agent introduced by Wematch, enabling enhanced client interaction and service delivery for securities financing transactions.
• MTF (Multilateral Trading Facility) UK-regulated Multilateral Trading Facility operated by Wematch.live FS Ltd (FCA FRN 1019144) enabling regulated trading across TRS, Securities Lending, and Repo with segment codes WMSW and WMSL.
• SBSEF (Securities Based Swap Execution Facility) US-regulated Securities Based Swap Execution Facility operated by Wematch.live LLC, registered as a FINRA/SIPC broker-dealer and approved by the SEC, operating alongside an Alternative Trading System (ATS).
• Repo Module Module supporting repurchase agreements on both specific names and financing structures, integrated into the broader securities financing platform for cross-product matching and lifecycle management.

Quantifiable outcome

• Daily time saving of 25-50% per trade through workflow automation
• +5 more outcomes

Named customers23 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core.

• S&P Global Market IntelligencecoreTechnology or IntegrationIntegration of securities lending data from S&P Global Market Intelligence into Wematch platform, enhancing price transparency and market intelligence capabilities for users.
• MTScoreTechnology or IntegrationPartnership with MTS to solve challenges facing the interest rate swaps (IRS) marketplace. The new trading platform bridges legacy voice trading and pure electronic trading in the interdealer IRS market.
• EurexcoreTechnology or IntegrationLaunch of Basket Total Return Futures (bTRFs) workflow on Wematch platform, creating a connected environment between Wematch's TRS module and Eurex's bTRFs.
• Market Securities (France) SAcoreTechnology or IntegrationMarket Securities (France) SA operates Wematch technology in France, authorised by ACPR (French Prudential Supervision and Resolution Authority) and AMF (The Autorite des marches financiers), LEI: 969500FWB6L4IMCWRO70, MIC Code: MKTF.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• MarketAxess: MarketAxess operates an electronic trading platform for fixed income and is expanding into repo and structured products. Its trajectory into electronic all-to-all and dealer-to-dealer workflows positions it as a broader incumbent relative to Wematch.live's SBL/Repo offering.
• Eurex Repo: Eurex Repo operates one of the largest electronic repo trading venues globally and is a Wematch.live integration partner for the bTRFs workflow. It is a benchmark incumbent in the electronic repo market that Wematch.live's Repo module competes against for dealer flow.
• FIS Securities Finance: FIS provides software and managed services for the securities finance industry, including LoanConnect and other post-trade solutions. As a large incumbent, it competes with Wematch.live across the SBL and post-trade workflow stack at financial institutions.
• DataLend: DataLend, part of S&P Global Market Intelligence, provides securities lending data, analytics, and benchmarking to lenders and asset owners. It overlaps with Wematch.live's Data and Contribution Service module and serves a shared institutional customer base.
• AcadiaSoft: AcadiaSoft provides post-trade infrastructure for OTC derivatives, including collateral messaging, margin processing, and swap execution workflows. It is comparable to Wematch.live in serving dealer-to-dealer collateral and lifecycle management needs.

Direct peers

• Pirum: Pirum provides connectivity, reconciliation, and messaging services for the securities lending industry, including fails mitigation and collateral management. It is comparable to Wematch.live in targeting dealer-to-dealer SBL/TRS workflows with enterprise financial institutions.
• HQLAx: HQLAx operates a DLT-based platform for securities lending collateral mobility, used by major dealers and custodians. It competes in the same SBL collateral movement space as Wematch.live's collateral optimisation and lifecycle modules.
• EquiLend: EquiLend is the largest electronic trading platform for securities finance, providing matching and post-trade services across SBL, repo, and total return swaps. It is the most direct competitor to Wematch.live, serving many of the same Tier-1 bank and asset manager clients.

Emerging players

• Linedata: Linedata provides software for securities lending, including inventory management, loan/return processing, and exposure reporting. It overlaps with Wematch.live's SBL lifecycle and collateral modules for buy- and sell-side institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wematch.live

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors5 records

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 Wematch.live