Clearing start-up Embedded Financial receives start-up capital of USD 20 million

Former Square manager Michael Giles wants to build a “modern clearing and custody business from the ground up” after raising $ 20 million prior to launch.

Michael Giles, founder of Embedded Financial

Embedded Financial Technologies Inc is slated to hit the market in the third quarter of 2021. The wholly owned subsidiary Embedded Clearing LLC has received FINRA approval to act as the corresponding clearing and custody broker dealer for US listed stocks and options.

In a statement …

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