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After nearly two decades of organic profitability, raised its first outside investment of $35 million in growth funding to expand its cloud-based payments and financial messaging tool globally, the company said Monday.

led the capital raise along with participation from , , and . As part of the investment, Wavecrest鈥檚 co-founder and Managing Partner will join the company鈥檚 board.

The company, which has offices in New York, London, Dubai and Mexico, was started by , and in 2001 to provide financial institutions with modern tools that would 鈥渟implify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking,鈥� Oddiraju, co-founder and CEO, said in a written statement.

The company will use the new funds to expand internationally, as well as into new market segments and industry verticals.

鈥淭he $35 million investment will allow us to broaden our lead and accelerate our growth trajectory even further,鈥� Oddiraju told Crunchbase News via email.

The funding will focus in three main areas: investing in R&D, building out business operations and extending go-to-market capabilities, he said.

鈥淲e want to offer greater resiliency, scalability and roadmap richness in our end-to -end payment processing service in the cloud, while also expanding into new geographies, new market segments and into new lines of business,鈥� he added.