Stavtar’s Founding Story and Vision for Financial Software

Steven Petersen, co-founder of Stavtar, brings a robust financial pedigree to the venture. His career began in accounting at Arthur Andersen before an eight-year stint at JP Morgan’s proprietary trading desk. The transition to TPG-Axon marked a pivotal shift, where he collaborated with Avtar Batth to develop software solutions for complex financial operations. The duo’s partnership crystallized into Stavtar—a name evoking cosmic scale, reflecting their ambition to build a comprehensive software ecosystem for intricate business needs.

After refining their platform at TPG-Axon, Petersen departed in 2014 to serve as CFO of Hudson Bay Capital, a $2 billion multi-strategy hedge fund. His trajectory underscores a pattern of transforming manual processes into scalable technological infrastructures—a philosophy now embedded in Stavtar’s DNA.