Instimatch Global

About Instimatch Global

Instimatch Global operates a digital trading network for institutional money market lending and cash management, aiming to modernize a sector traditionally dependent on voice brokerage. Founded in 2016 by Hugh Macmillen, a former voice broker with over two decades of experience, the company was born from the vision of digitalizing money market operations to create a more globally connected and efficient system. Headquartered in Zurich, Switzerland, the company provides a platform that connects institutional borrowers and lenders, including bank and corporate treasuries, pension funds, insurance companies, asset managers, and municipalities.

The firm's core business revolves around its web-based platform, which facilitates more efficient price discovery, provides direct access to a wider pool of counterparties, and allows for the diversification of counterparty risk. Instimatch Global’s services are designed to address the inefficiencies of opaque and fragmented money markets by offering a transparent, standardized workflow for negotiating and executing deals. Revenue is generated through this digital network, which offers seamless integration with treasury management systems for automated trade capture. The platform operates as a centralized venue where institutional clients can trade various asset classes, such as unsecured cash deposits, repos, money market funds, and forex.

The product suite includes 'MoneyMatch' for unsecured cash deposits, 'RepoBlick' for repo trading, 'Call Money' for managing call money positions, and 'TotalFX' for foreign exchange solutions. Key features of the platform are instant price discovery across hundreds of counterparties, digital deal negotiation tools that provide proof of best execution, and compliance-friendly configurations with role-based access controls. The company has steadily grown, reaching over 270 clients in more than 30 countries and achieving a reported annual trading volume of $661 billion in 2024. Significant milestones include the launch of its RepoBlick platform, partnerships with SAP and other financial infrastructure providers, and the successful closing of a Pre-Series A funding round of CHF 12.3 million.