Capstack Technologies, a Miami, FL-based provider of a loan trading platform for financial institutions, acquired Edge Tradeworks, an institutional-grade whole loan-trading and bank analytics platform.
The amount of the deal was not disclosed.
Together, the two companies will offer a platform that brings whole loan and loan participation trading to financial institutions within a single investment ecosystem.
Founded by John Roberts and Hughie Choe, who will join the Capstack leadership team alongside CTO Alex Dorsch, Edge Tradeworks provides an analytics platform to regional and national banks and non-bank financial institutions, including credit funds and credit unions. The platform uses data analytics tools to allow customers to compare their loan portfolio composition against other institutions and regulatory requirements and then identify buyers and sellers to trade with.
Led by Founder and CEO, Michal Cieplinski, Capstack Technologies is a provider of a loan trading and analytics platform for financial institutions, enabling collaboration, increased profitability and risk mitigation through asset diversification and liquidity. It is dedicated to building an infrastructure to redefine banking operations, enhance risk management, and deliver solutions for financial institutions. Capstack Technologies is backed by Citi Ventures, Fin Capital, Alloy Labs, Cambrian Ventures, Cowboy Ventures, Future Perfect Ventures, Gaingels, Selah Ventures, Uncorrelated Ventures and Valor Equity Partners.
FinSMEs
18/07/2024