|JOBS MAINTAINED||14 FTE|
|FORECASTED JOBS CREATED||91 FTE (New jobs created from SOFII funding)|
Overbond has developed an exclusive AI engine that can predict bond price and bond market opportunities and provide net-additive insight to secondary markets. Overbond's COBI engine uses real-time capital markets data feeds and machine learning/artificial intelligence on large data sets to determine new or existing bond price: best-execution pricing, precise new bond price quotation and secondary market price.
SOFII PROJECT SUMMARY
SOFII funding was used for working capital to improve the accuracy of the Corporate Bond Intelligence (COBI) bond pricing to meet the specific go-to-market demand time-window for their pricing algorithm product.
"SOFII Loan has helped Overbond realize scaling potential at an important time in our growth roadmap. It has benefitted our growth strategy by providing us with effective resources."