BondIT, a Herzliya, Israel-based FinTech company, received a US$14.25m investment.
Fosun International Limited made the investment and is now a major shareholder of BondIT including representation on its Board of Directors.
The company intends to use the funds to go to China’s fixed income market and to accelerate its global expansion plans especially in the U.S.
Led by Etai Ravid, Founder and Chief Executive Officer, and Adrian Gostick, Chief Revenue Officer, BondIT provides investment managers with an intelligent solution to create and quantitatively optimize the risks and returns of their bond portfolios with automation tools powered by proprietary machine learning algorithms.
FinSMEs
30/10/2017