InterPrice Technologies, Inc., a U.S.-based debt capital markets fintech platform, announced on Monday that it had raised $ 2.5 million through its seed funding round, led by Bowery Capital, with participation from Chaos Ventures, Operator Partners and Dash Fund.
InterPrice describes itself as a fintech that enables corporate treasury teams to make funding decisions with accuracy and precision. To date, InterPrice Technologies has integrated more than 20 of the largest private issuers and several underwriters on its platform. Olga Chin, CEO of InterPrice, explained further:
“Our mission at InterPrice is to bring greater transparency to the world of capital markets. By working with both treasury teams and the top underwriters in the ranking, we streamline the referral process, so information is flexible and dynamic and can be viewed on a variety of products and currencies. Our goal is to automate the aggregation process and improve relationships through real-time user dialogue focused on the most important data.
InterPrice also revealed that its current technology automatically aggregates bond, commercial paper and loan indications into intuitive dashboards for all currencies and finance products. By standardizing the data of all banking partners, InterPrice simplifies the financing process for issuing companies and creates more competitive advantages for underwriters.
InterPrice added that it plans to use the seed investment funds to further grow and develop its products.