Clearwater Analytics (CWAN) FinTech Conference summary

Business overview and platform expansion

• Provides daily, global asset views for clients, supporting investment decisions, risk management, compliance, and accounting.

• Handles complex asset classes and geographies, aggregating data from trading systems, managers, custodians, and market sources.

• Operates a single-instance, multi-tenant cloud platform, serving clients from $100 million to $500 billion in assets.

• Expanded into front-office functions with the acquisition of JUMP, targeting end-to-end investment lifecycle coverage.

• Revenue guidance for the year is $440 million, with consistent 20%+ annual growth over five years.

Product innovation and adjacent markets

• Developed new products for LPs and pooled funds, leveraging client co-development and platform efficiencies.

• Gross margin has increased to 78% due to network effects and product scalability.

• Serves insurance, asset managers, corporate treasury, and is expanding into pensions, hedge funds, endowments, and sovereign funds.

• Platform adapts to different reporting needs without major changes, enabling entry into new markets.

International growth strategy

• International revenue is about 20% and growing, with significant investments in Europe and Asia.

• Built out local GAAP and regulatory reporting for multiple countries, enabling rapid deployment across regions.

• Europe is seen as a larger insurance market than the U.S., with over 100 clients and major wins like Aviva.

• Offices established in London, Paris, Frankfurt, Edinburgh, Singapore, and Hong Kong.