InterPrice Technologies, which aims to create a transparent financing tool, has closed its Series A funding round on $7.3m.
The investment was co-led by Nasdaq Ventures and DRW VC.
InterPrice Technologies is on a mission to provide corporate treasures with a transparent financing tool and enable all stakeholders to make decisions with accuracy, speed and precision.
The platform allows treasurers to abandon Excel sheets that track funding costs. Instead, its platform collects CP run rates and new issue bond indications provided by the bank into intuitive user dashboards and scenarios. The user can then export into Excel to create charts and reports.
Other benefits of InterPrice Technologies is an instant comparison of relationship banks’ proposed funding alternatives, support to justify financing decisions and more.
Its clients are corporations issuing bonds and commercial paper, executing liability management transactions, repurchasing shares, and evaluating cross-currency alternatives in the capital markets.
Speaking on the investment, InterPrice Technologies founder and CEO Olga Chin said, “My team at InterPrice and I are incredibly excited to announce the closing of our Series A round. The Nasdaq Ventures team truly deserves special recognition – Ben and Randall particularly give a whole new meaning to the word ‘partnership’.
“Despite the market correction, they never wavered in their support of InterPrice, and for that I am grateful. I am also thrilled to welcome Kim Trautmann (DRW Venture Capital) to our Board!”
Nasdaq Ventures is no stranger to FinTech. It recently committed capital to the latest funding round of Chronograph, which offers modern technology for private capital markets. Through its suite of cloud-based analytics and data management solutions, the FinTech company helps investors understand, value and manage their private investments.
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