We are happy to announce that Bowery Capital recently led a Seed round of funding in InterPrice Technologies, a corporate treasury capital markets data platform that empowers corporate treasury teams and financial institution partners. We have laid out some more information about the round and our investment rationale below.
Who?
We first met Olga through the Bowery Capital office hours for underrepresented founders. Olga had an initial call with Loren in June 2020, and maintained a relationship over the last 8 months. Olga first experienced the pain points of managing the treasury capital market workflow firsthand when she was at MUFG, where she was a managing director in corporate bond origination and execution. Prior to founding InterPrice, Olga worked at Loop Capital Markets, where she was responsible for origination and revenue generation for debt capital markets clients. Olga started her career at BNY Mellon and Ellington Management Group, where she worked in leveraged loan investments after earning her Bachelor’s in Economics and Computer Science from Princeton University. We believe Olga is the pioneer of treasury capital markets innovation and has the background and relationships to drive adoption of InterPrice across the treasury capital markets ecosystem.
What?
InterPrice is a corporate treasury capital markets data platform that provides a central hub for all data related to the treasury capital markets workflow. InterPrice’s platform offers an intelligent pricing aggregation tool which automatically aggregates bond, commercial paper and loan indications into intuitive dashboards. InterPrice also provides a comprehensive suite of data analytics tools that inform issuers’ financing decisions. By streamlining the treasury capital markets workflow and providing a central hub for treasury teams’ data, InterPrice helps corporates achieve cost savings and make informed decisions. We believe that InterPrice is a first-to-market product uniquely targeting the next frontier for automation on Wall Street.
Why?
InterPrice is well-positioned to become the default platform for the entire treasury capital market workflow. Currently, managing Request for Proposals (RFPs) from banks is a manual and challenging process that usually involves numerous emails with PDF attachments from various banks. InterPrice streamlines this last old-school process on Wall Street by providing a central hub for treasury teams’ data and informing their financing decisions with real-time analytics. While current financial data services provide some data points on the primary capital markets, none of them have the unique value proposition targeted towards corporate treasury desks that InterPrice has. InterPrice has a strong value proposition for corporates and is strongly positioned to adopt corporate clients as an entry point. InterPrice has brought on a strong list of pilot customers and is continuing to grow quickly. In our work looking at the treasury capital markets sector, it became obvious that InterPrice’s product fills a key gap in the market. Over the long-term, InterPrice also has the potential to expand its offering into additional product types and other ecosystem players such as investors. InterPrice is actively onboarding leading corporate treasurers and financial institutions onto their platform. If you are interested in using InterPrice, do not hesitate to reach out to us.
Where?
InterPrice is based in New York, NY.
