Synswap
Synswap is a London-based, privately held fintech founded in 2016 that proposed distributed ledger technology-based post-trade processing services for OTC derivatives. Its only disclosed financing was a 2017 Techstars-led accelerator round, and no live products, customers, or operational web presence are documented in the source data.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Synswap firmographics
Firmographics- Name
- Synswap
- Website
- https://synswap.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Synswap is a London-based, privately held fintech founded in 2016 that proposed distributed ledger technology-based post-trade processing services for OTC derivatives. Its only disclosed financing was a 2017 Techstars-led accelerator round, and no live products, customers, or operational web presence are documented in the source data.
- Ownership category
- akta.pro rank
Synswap industry classification
Industry- Product category
- OTC Derivatives Post-Trade Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- OTC Derivatives Trade Repositories (Swaps/Derivatives Reporting) (FSAFAJAA)
- akta.pro secondary industries
- OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution) (FSAFANAE), OTC Desks & Block Trading Networks (FSAPADAH)
Keywords
Where Synswap is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Synswap business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations
Synswap product offering
Product offeringCore offering
Synswap delivers post-trade services for OTC derivatives built on distributed ledger technology. The offering targets the confirmation, processing, and settlement workflows associated with over-the-counter swap transactions, applying DLT to reduce reconciliation friction in capital markets infrastructure.
Differentiator
Problem solved
Functional benefit
Companies that use Synswap
Customer profileIdeal customer profiles1 record
Synswap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Synswap competitors and assessment
Company assessmentOthers
- R3 (Corda): R3's Corda enterprise blockchain is used by many of the very financial institutions and post-trade consortia that would be Synswap's customers. As a platform/enabler, it is thematically adjacent and a potential ecosystem partner or substitute technology.
Direct peers
- ICE Trade Vault: ICE Trade Vault is a regulated trade repository for swaps and OTC derivatives operated by Intercontinental Exchange. It is a direct competitor to a DLT-based post-trade utility serving the same reporting workflows.
- Traiana: Traiana (part of Marex/City Index group) provides post-trade infrastructure, trade lifecycle automation, and reconciliation services for OTC and FX derivatives. It directly competes with Synswap's positioning in OTC derivatives post-trade workflows.
- DTCC (including DTCC Data Repository): DTCC operates the dominant US trade repository infrastructure for OTC derivatives reporting and post-trade processing under Dodd-Frank. It is the closest direct peer to Synswap's stated mission of OTC derivatives post-trade services.
- Unavista (CME Group): UnaVista, part of CME Group, provides trade reporting and reconciliation services for OTC derivatives under EMIR and other regulations. It competes in the same post-trade and reporting layer Synswap targets.
Emerging players
- Baton Systems: Baton Systems is a DLT-based post-trade and core-correspondent bank infrastructure provider, directly comparable to Synswap as a smaller, blockchain-native rival targeting parts of the same post-trade workflow.
- SETL (now part of Onchain): SETL built distributed-ledger infrastructure for securities and post-trade settlement at scale. It is an emerging DLT-native peer exploring adjacent infrastructure problems to Synswap's OTC derivatives post-trade positioning.
Broad incumbents
- LCH (LSEG): LCH is a major clearing house for OTC derivatives and adjacent post-trade services, part of LSEG. It is a broad incumbent whose swaps clearing and reporting operations sit adjacent to Synswap's targeted post-trade layer.
- Bloomberg VOPA / Trade Reporting: Bloomberg operates a widely used trade reporting, reconciliation, and post-trade workflow product across multiple asset classes including OTC derivatives. It is a broad incumbent offering overlapping post-trade infrastructure capabilities relevant to Synswap.
- Broadridge: Broadridge provides post-trade processing, reconciliation, and regulatory reporting solutions across capital markets. It is a broad incumbent with overlapping capabilities to Synswap's OTC derivatives post-trade focus.
Market position
Customer concentration
Synswap social profiles
Digital presenceSynswap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Synswap leadership team
Management profileNumber of profiles
Profiles1 record
Synswap funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Synswap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Synswap
What does Synswap do?
Synswap delivers post-trade services for OTC derivatives built on distributed ledger technology. The offering targets the confirmation, processing, and settlement workflows associated with over-the-counter swap transactions, applying DLT to reduce reconciliation friction in capital markets infrastructure.
When was Synswap founded?
Synswap was founded in 2016. It employs 1 to 10 people.
Where is Synswap based?
Synswap is headquartered in London, United Kingdom, in the Europe region.
Who are Synswap's main competitors?
R3 (Corda) is listed as an others. Direct peers are ICE Trade Vault, Traiana, DTCC (including DTCC Data Repository) and Unavista (CME Group). Emerging players are Baton Systems and SETL (now part of Onchain). Broad incumbents are LCH (LSEG), Bloomberg VOPA / Trade Reporting and Broadridge.
Does Synswap have an API?
No public API is recorded for Synswap.
What industry is Synswap in?
Synswap's product category is OTC Derivatives Post-Trade Infrastructure. Its primary akta.pro industry code is FSAFAJAA, OTC Derivatives Trade Repositories (Swaps/Derivatives Reporting), with a secondary code of FSAFANAE, OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution). Its NAICS code is 522320 and its SIC code is 6200.