Overbond, a Toronto, Canada-based leading API-based credit trading automation and execution service in the global capital markets, secured funding from Fitch Ventures the equity investment arm of Fitch Group, which is a global leader in financial information services.
Overbond will use the capital to grow its sales and marketing division with plans to open an office in London, U.K., and double its headcount over the coming year.
In addition, through new cloud-based data redistribution channels, Overbond will grow its global presence, integrate new data sources to expand its AI models’ coverage, and provide enhanced AI trade automation solutions for clients.
Company: Overbond Ltd.
Funding Month: Aug 2022
Lead Investors: Fitch Ventures
Company Website: https://www.overbond.com/
Software Category: AI quantitative analytics
About the Company: Overbond is a developer of process-redefining, AI-driven data and analytics and trade automation solutions for the global fixed income markets. Overbond performs market surveillance, data aggregation and normalization, and deep AI quantitative observation on more than 100,000 corporate bonds and fixed income ETFs. Applying proprietary artificial intelligence to pricing, curve visualization, market liquidity, issuance propensity, new issuance spreads, default risk, and automated reporting, Overbond enables trade automation and enhances trade performance and portfolio returns. Clients of Toronto-based Overbond include global investment banks, broker-dealers, institutional investors, corporations, and governments across the Americas, Europe, and Asia.