Origin moves into deal execution for private placements

Origin, the fintech platform for issuers in the private placement market to distribute target funding terms to chosen dealer banks in the hope dealers can find an investor to match, has grown fast since its beta launch at the start of 2017.

Back then, Origin had six investment banks – BNP Paribas, DekaBank, Bank of America Merrill Lynch, Société Générale Corporate and Investment Banking, Credit Suisse and Daiwa – receiving terms from 22 international borrowers.

When Euromoney catches up this summer with chief executive Raja Palaniappan, who co-founded the business after leaving his derivatives dealing desk at Credit Suisse in 2015, Origin has grown to 15 dealer banks and 58 borrowers.