bondIT, an Israel-based fintech, has seen significant growth since its debut in 2016, partnering with leading asset managers, banks, and technology firms worldwide. The company offers two other solutions in addition to Scorable Credit Analytics: Frontier and Embedded. Earlier this year, bondIT secured $14 million in funding in a round led by BNY Mellon, bringing its total equity capital to over $32 million.
Key takeaways:
- Liquidnet is partnering with bondIT to provide new tools for traders on its Fixed Income electronic trading platform, using bondIT's Scorable Credit Analytics to help anticipate market trends and mitigate credit risk.
- Scorable Credit Analytics uses data science, Explainable AI, and machine learning to predict changes in credit ratings and spreads for over 3,000 rated corporate and financial issuers worldwide.
- Liquidnet, an institutional trading network, was acquired by interdealer broker TP ICAP in 2021 for $700 million. It has over 700 member firms accessing its platform's primary and secondary market trading protocols for corporate bonds.
- bondIT, an investment technology company, has secured $14 million in funding in a round led by BNY Mellon, bringing its total equity capital to over $32 million. It offers solutions like Scorable Credit Analytics, Frontier, and Embedded to asset managers, banks, and technology firms.