bondIT, an Israeli fintech provider of next-generation investment technology, raised $14 million in a new investment round led by BNY Mellon, with participation by existing investors. As part of the investment, BNY Mellon will join bondIT’s Board of Directors.
Founded in 2015, bondIT provides portfolio construction technology and AI-driven credit analysis for fixed income. bondIT boasts that its scalable technology platform leverages machine learning and data science techniques to provide optimized portfolios and analysis without sacrificing flexibility. Fixed income investment portfolios can be created and analyzed within minutes, existing portfolios can be realigned, and universes can be defined and managed. The platform allows for the seamless onboarding of internal models as well as downstream connectivity to existing portfolio management and trading systems.
bondIT is privately owned and data-agnostic, paving the way for financial institutions of all sizes to integrate via API’s and power their investment technologies.
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Etai Ravid, CEO and Founder of bondIT, shared, “We’re delighted to welcome BNY Mellon to our Board of Directors. This investment will help us accelerate innovation and offer clients a unique holistic solution for fixed income investing. As bond investors are keen to lock in higher yields, our versatile technology and data-driven approach can help them increase automation to improve efficiency and performance, and better mitigate risk.”
Shahar Balaban, CFO at bondIT, added, “Our engagement with BNY Mellon started when we participated in the BNY Mellon Accelerator Program for startups in 2021, and we are thrilled to be able to continue to scale our collaboration and take bondIT’s technology platform to the next level.”
The company says this latest investment round comes at an opportune time for bondIT as there is unprecedented demand for smart technologies, like bondIT’s Explainable-AI tool, from fixed income investors who are seeking efficiency and the ability to manage their exposures effectively. With bondIT, investment professionals can build portfolios that seek to optimally balance risk and return opportunities in this volatile market environment.