SenaHill Partners LP has acquired an ownership stake in Airex, an online marketplace for financially actionable apps. No financial terms were disclosed. Also, Airex has named Kyle Zasky, a partner at SenaHill, to its board of directors.
NEW YORK, NY – July 7, 2015 – Airex, Inc., a provider of independent, cloud-based marketplaces for financially actionable applications, information, and reports (Financial AIR™), and SenaHill Partners, LP (SenaHill) today announced that SenaHill has taken an ownership position in Airex. SenaHill will leverage its extensive financial services and technology network on behalf of Airex, and will serve as its lead advisor for Airex’s next institutional equity financing.
“Airex is disrupting how all types of Financial AIR are bought, sold, and distributed,” said Airex, Inc. Chief Executive Officer Stephen Kuhn. “So it is critical that we accelerate our growth and deploy our revolutionary AIREX Market Partner Program, which is making AIREX Markets ubiquitous across the industry. We therefore sought a partner that could provide more than just growth capital, but also reputation, street credibility, expertise, and networks of advisors, industry contacts, and other investors. We found that in SenaHill. They are the ideal partner for Airex.”
Kyle Zasky, a SenaHill Partner, has joined Airex’s Board of Directors. The SenaHill team brings deep domain expertise and proven success guiding early stage FinTech companies. Zasky was previously Founder and Chairman of EdgeTrade, an advanced trading technology broker-dealer sold to Knight Capital. He currently sits on the boards of untapt, an e-recruitment platform for technologists across fin-services; TradeLegs, a derivatives optimization platform; and WealthForge Holdings, a firm providing technology automation for the private placement market.
“Airex has built a platform that is poised to disrupt how the industry delivers and consumes financial applications, data, and content and efficiently expand those products to a broader audience,” said Kyle. “SenaHill was created to bring measurable value to innovative emerging FinTech companies at every stage of the growth lifecycle, and we’re excited to work with Airex to help drive long-term success.”
About AIREX™ Market
The AIREX™ Market from Airex, Inc. is the only independent, online marketplace for everyone to search, find, purchase, and consume financially actionable apps, information, and reports (Financial AIR™) from a large and growing list of vendors globally. The AIREX Market empowers vendors to generate new revenues, monetize existing products, and generate higher margins in new market segments that they cannot cost-effectively reach today. AIREX Market customers get financial information that they don’t have access to today, couldn’t afford, or didn’t even know existed – instantly and conveniently, with no salespeople, no contracts to negotiate, and no attorneys to pay for. Learn more at www.airexmarket.com or follow us on Twitter and LinkedIn.
About SenaHill Partners, LP
SenaHill Partners is a merchant bank offering a full suite of investment, operating and advisory services to the Financial Technology sector. We combine proven domain and operational expertise with an unparalleled industry advisor network to deliver superior services that drive measurable results for our partner companies. Our powerful business model includes two primary and complementary offerings: Principal Investing with the SenaHill Investment Group, LLC and Investment Banking with SenaHill Advisors, LLC. From inception and capital raising through scaling and growthto strategic exit, SenaHill bridges the gap between disruptive FinTech innovators and global financial institutions to bring a new level of efficiency, collaboration and success to the industry. For more information please visit www.senahill.com.