About Pirum
Pirum is a company based in London (United Kingdom) founded in 2000 was acquired by Bowmark Capital in March 2019.. The company has 96 employees as of March 31, 2022. Pirum offers products and services including Pirum TradeConnect, Trade Risk Manager, Recalls Manager, and CollateralConnect. Pirum operates in a competitive market with competitors including Sedgwick, Encompass, Moody's Analytics, Munich Re and iManage, among others.
- Headquarter London, United Kingdom
- Employees 96 as on 31 Mar, 2022
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pirum Systems Limited
- Date of Incorporation 19 Jun, 2000
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$26.8 M (USD)22as on Mar 31, 2021
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Net Profit
$10.79 M (USD)23as on Mar 31, 2021
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EBITDA
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Latest Funding Round
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Investors
Hg
& 3 more
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Employee Count
96
as on Mar 31, 2022
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Acquired by
Bowmark Capital
(Mar 14, 2019)
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Products & Services of Pirum
Pirum offers a comprehensive portfolio of products and services, including Pirum TradeConnect, Trade Risk Manager, Recalls Manager, and CollateralConnect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates trade connectivity for securities finance and risk management.
Manages risks in securities finance transactions efficiently.
Handles recalls in securities finance for operational efficiency.
Facilitates collateral oversight and automation in finance.
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Funding Insights of Pirum
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Pirum | Valuation |
investors |
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| Dec, 2021 | Amount | Private Equity Round - Pirum | Valuation | Hg |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pirum
Pirum has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Hg, Schroders and Rothschild & Co. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Multinational private and alternative asset investments are managed globally.
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Founded Year | Domain | Location | |
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Private equity investments in services and technology sectors, focusing on growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pirum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pirum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pirum Comparisons
Competitors of Pirum
Pirum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sedgwick, Encompass, Moody's Analytics, Munich Re and iManage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Corporate Digital Identity and KYC solutions are provided by Encompass.
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| domain | founded_year | HQ Location |
Risk management software is supplied for insurance and various sectors.
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| domain | founded_year | HQ Location |
Platform offering insurance risk management solutions
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| domain | founded_year | HQ Location |
Cloud-based document and risk management software is offered for enterprises.
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pirum
Frequently Asked Questions about Pirum
When was Pirum founded?
Pirum was founded in 2000 and raised its 1st funding round 21 years after it was founded.
Where is Pirum located?
Pirum is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Pirum?
Mark Hale is the current CEO of Pirum.
How many employees does Pirum have?
As of Mar 31, 2022, the latest employee count at Pirum is 96.
What is the annual revenue of Pirum?
Annual revenue of Pirum is $26.8M as on Mar 31, 2021.
What does Pirum do?
Pirum was founded in 2000 and is based in London, United Kingdom. Operations center on collateral management within the financial services sector. Services include the calculation, reconciliation, and processing of RQVs, along with access to market news, forex rates, market prices, and intraday position updates. These solutions are utilized by investment banks, financial advisors, agent lenders, and insurance companies.
Who are the top competitors of Pirum?
Pirum's top competitors include Sedgwick, Encompass and Ideal Insurance Brokers.
What products or services does Pirum offer?
Pirum offers Pirum TradeConnect, Trade Risk Manager, Recalls Manager, and CollateralConnect.
Who are Pirum's investors?
Pirum has 4 investors. Key investors include Hg, Schroders, Rothschild & Co, and Bowmark Capital.
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