Overbond Ltd., a Toronto, CA-based fintech platform for digital bond issuance, closed a $7.5m seed funding round.
Morrison Financial Services Limited made the investment.
The company plans to use the funds to expand its platform.
Led by Vuk Magdelinic, CEO, Overbond provides a cloud-based platform that streamlines dealer-issuer communication and provides advanced market analytics solving the problem of corporate treasurers who every year receive on average 2,314,900 bond market updates by email and consume 125,000 hours of their time in managing this information in Canada alone, issue exponentially bigger in the U.S.
The platform digitizes the end-to-end process, allowing dealers and investors to connect with corporate and government issuers directly.
FinSMEs
16/06/2016