Syndicated Loan Direct

othersbig dataanalytics and machine learning

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

Syndicated Loan Direct provides analysis and comparisons on syndicated loan deals for professionals in banks, law firms, asset management and Private Equity firms. Syndicated Loan Direct provides a solution in which subscribing participants have access to a fast and flexible platform with high quality deal data via an intuitive search interface.

MEDICI Analysis

Syndicated Loan Direct provides analysis and comparisons on syndicated loan deals for professionals in banks, law firms, asset management and Private Equity firms. Syndicated Loan Direct provides a solution in which subscribing participants have access to a fast and flexible platform with high quality deal data via an intuitive search interface.

Focus

PRODUCTS & SERVICES

Artificial intelligence data creation for contracts in financial services

REVENUE MODEL

Saas, per user monthly subscription model.

MAIN CLIENTS

Retail consumers

EXISTING PARTNERSHIPS

Techstars

Valuestream

Fintech Innovation Lab

PRIMARY PROBLEM SOLVED

We use AI to capture interpretational data from fixed income transactions. This is currently an entirely manual process.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

We will be implementing our solution to 3 other institutions over Apr and May.

NUMBER OF TRANSACTIONS:

50 K

TRANSACTIONS VALUE:

50 K

TRANSACTIONS COMMENT:

- The opportunity for AI in the multi trillion dollar Fixed Income market is currently untapped and we are well positioned to serve this market at the intersection of AI and credit • Our product has been validated by customers and is considered part of their core infrastructure within banking • Customer (Investment Bank) “This product will streamline our entire loans business .. “ • Early entrants like us will have a product that is being trained by users. Our user data and user training will eventually become the entry barrier for other competitors • Banking is changing rapidly to better manage regulatory demands for risk management and transparency

ACTIVE USERS:

1

ACTIVE USERS COMMENT:

We are the first application of AI in the fixed income document interpretation space. Our product has been trained using fixed income expertise making it quick to use for financial customers. However, we see users asking to use it in other ways too, for contracts which are unrelated to financial services and we plan to continue to expand the use of our contract term extraction approach in more spaces.

People

FOUNDERS

Shaheen Malik

Angela Lavigne

BOARD MEMBERS AND ADVISORS

Jesse Edwards

NUMBER OF EMPLOYEES

11-50

COMMENT:

We have a team that brings deep expertise in Fixed income, building tech infrastructure at banks,AI (we have 2 scientists). We have a world class team that understands one another well,,we can innovate continuously.

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Jul 2015

TOTAL FUNDING COMMENT

Convertible note

LISTED

NO

For Investors

FUNDING NEEDED:

$2 M

USES OF FUNDS RAISED:

1. Beta to commercialization

2. Increasing scope of the product beyond 1 asset class

3. Expand the team and convert contract employees to fulltime

EXIT STRATEGY

1. Our product can be combined with a cloud software solution (e.g. users can convert their documents into data before storing them). AWS, Azure, Salesforce and Dropbox are good exits 2. Financial data firms - we could sell the company to Markit or Thomson Reuters

MONTHS LEFT WITH CURRENT CASH BURN RATE:

4 months from 23 Mar, 2017

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

253 VISITORS | 766 VIEWS

About

Syndicated Loan Direct provides analysis and comparisons on syndicated loan deals for professionals in banks, law firms, asset management and Private Equity firms. Syndicated Loan Direct provides a solution in which subscribing participants have access to a fast and flexible platform with high quality deal data via an intuitive search interface.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Syndicated Loan Direct provides analysis and comparisons on syndicated loan deals for professionals in banks, law firms, asset management and Private Equity firms. Syndicated Loan Direct provides a solution in which subscribing participants have access to a fast and flexible platform with high quality deal data via an intuitive search interface.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Syndicated Loan Direct

About

Syndicated Loan Direct provides analysis and comparisons on syndicated loan deals for professionals in banks, law firms, asset management and Private Equity firms. Syndicated Loan Direct provides a solution in which subscribing participants have access to a fast and flexible platform with high quality deal data via an intuitive search interface.

Focus

PRODUCTS & SERVICES

Artificial intelligence data creation for contracts in financial services

REVENUE MODEL

Saas, per user monthly subscription model.

TOP PROBLEM SOLVED

We use AI to capture interpretational data from fixed income transactions. This is currently an entirely manual process.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

The beta product is being used by leading law firms. We will complete our installation inside 2 investment banks by May 2017.

KEY DIFFERENTIATORS

There are no other technology products that solve the problem of legal interpretation within fixed income. Our engine has been trained on fixed income concepts, making it quicker for the users to use.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Physical Retail

PRODUCT ATTRIBUTES

SaaS

On-premises

People

FOUNDERS

Shaheen Malik

Angela Lavigne

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

FOUNDER: Shaheen Malik

FOUNDER: Angela Lavigne

TEAM COMMENT:

We have a team that brings deep expertise in Fixed income, building tech infrastructure at banks,AI (we have 2 scientists). We have a world class team that understands one another well,,we can innovate continuously.

BOARD MEMBERS AND ADVISORS:

Jesse Edwards

Momentum

FUNDED

YES

TOTAL FUNDING:

$1.04 M

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Nov 2016 --- USD1.04 M at a USD8 Mvaluation Comment on Seed Convertible note round, investors are professionals who could be users of our product (bankers, lawyers), professional investors (PE and VC funds) and entrepreneurs/ professionals.

Comment on Valuation

This is the cap of our convertible note