PRESS RELEASE: Ninth Wave Closes Growth Investment from SARORAS Private Capital

Ninth Wave Closes Growth Investment from SARORAS Private Capital
NEW YORK–(BUSINESS WIRE)–Ninth Wave, the leading enabler of secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting solutions, tax prep software and other consumer and business solutions, today closed on a significant minority investment from SARORAS Private Capital, a private equity firm.

Ninth Wave will use proceeds from the primary capital investment to accelerate the company’s growth through further development of its flagship SaaS solution, the Ninth Wave Platform, new sales and marketing initiatives and the expansion of its leadership team. SARORAS focuses primarily on investments in growing middle market technology and business services companies and looks to partner with management teams to build industry-leading businesses. Firm executives cited Ninth Wave’s management team, industry leading reputation, and best-in-class technology solution as key factors driving its investment.

“We have been continually focused on advancing our technology, team and strategic partnerships with companies and individuals that help us provide the highest level of services and counsel,” said George Anderson, Founder and CEO of Ninth Wave. “SARORAS is the perfect partner for us and pairs an expertise in our industry with the experience and proven playbook to scale our business.”

About Ninth Wave

Ninth Wave delivers secure, seamless, and standardized data connectivity to fintechs and financial institutions of all sizes, through a single point of direct integration to a universal suite of open finance APIs. With configurable controls, visibility, and insights into all data sharing and data acquisition connections between aggregators, third-party apps, and internal applications, Ninth Wave empowers financial institutions and their customers with access and oversight to their connected apps, enabling secure data exchange in a holistic and scalable open finance ecosystem. Offering solutions for retail and commercial banks, wealth managers, credit card issuers, tax providers, and more, Ninth Wave provides unparalleled connectivity and universal compatibility to complex information systems, unlocking innovation, potential, and performance for your data. Contact us to learn more about Ninth Wave’s secure data connectivity features. Empowering open finance. At scale, at last.