Cognitive Credit, a London, UK-based provider of data and analytics software for corporate credit markets, raised $10M in Series B funding.
The round was led by ETFS Capital, with participation from XTX Ventures.
The company intends to use the funds to expand into additional markets, to enhance its product offering, and to invest in algorithmic debt valuation and AI solutions for institutional investors.
Led by CEO and Founder Robert Slater, Cognitive Credit provides credit investors with specialist data and analytics to form smarter, faster credit views. It delivers detailed credit models automatically updated within minutes of earnings release, paired with workflow tools that elevate productivity and empower team to develop more actionable investment ideas.
Commenting on the news, Robert Slater said: “With the digital evolution of credit now inevitable, we are pleased to have ETFS join our team given their deep experience in capital markets innovation. Building the best-in-class dataset for one of the world’s largest asset classes remains an ambitious task, and we are excited about the opportunities ahead of us.”
FinSMEs
04/09/2024