InterPrice Technologies, Inc., a U.S.-based early-stage debt capital markets fintech platform, announced on Monday it has raised $2.5 million through its seed funding round, which was led by Bowery Capital, with participation from Chaos Ventures, Operator Partners, and Dash Fund.
InterPrice describes itself as a fintech that empowers corporate Treasury teams to make financing decisions with accuracy and precision. To date, InterPrice Technologies has on-boarded over 20 of the largest corporate issuers and several underwriters onto its platform. Olga Chin, CEO of InterPrice, further explained:
“Our mission at InterPrice is to bring greater transparency to the world of capital markets. Working with both Treasury teams and top league table underwriters, we streamline the indication process, so that information is flexible and dynamic and can be viewed across a variety of products and currencies. Our goal is to automate the aggregation process and enhance relationships through real-time dialogue between users focused on data that matters most.”
InterPrice also revealed that its current technology automatically aggregates bond, commercial paper and loan indications into intuitive dashboards across currencies and financing products. By normalizing data across all banking partners, InterPrice simplifies the financing process for corporate issuers and creates more competitive advantages for underwriters.
InterPrice went on to add that it is planning to use the seed investment’s funds to continue the growth and development of its products.