Overbond, a Toronto, Canada-based provider of an API-based credit trading automation and execution service for the global capital markets, raised an undisclosed amount in new funding.
The round was led by Fitch Ventures.
The company intends to use the funds to grow its sales and marketing division with plans to open an office in London, U.K., double its headcount over the coming year, grow its global presence, integrate new data sources to expand its AI models’ coverage and provide enhanced AI trade automation solutions to clients.
Led by CEO Vuk Magdelinic, Overbond is a developer of AI-driven data and analytics and trade automation solutions for the global fixed income markets. Applying proprietary artificial intelligence to pricing, curve visualization, market liquidity, issuance propensity, new issuance spreads, default risk and automated reporting, the company enables trade automation and enhances trade performance and portfolio returns. Clients include global investment banks, broker-dealers, institutional investors, corporations and governments across the Americas, Europe and Asia.
FinSMEs
08/08/2022