There is a well-worn theme in capital markets: at a time when trading has never been faster or more electronic, the execution of primary deals remains archaic. There have been tweaks around the edges, but the fundamental processes have not changed for decades.
Finsmart, a small outfit run by former bankers, is the latest fintech to try to address this. After initial discussions with market participants last year, as well as approaching individuals to come on board as advisers, it has now started development of a new debt capital markets platform, DealPro, and completed a first pre-seed funding round in March.
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