Economy

Alterest closes an investment round led by Sean Tai, founder and former CEO of Debtdomain

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LONDON (November 6, 2019)

Alterest, a loan data repository and intelligence platform for institutional capital providers, has recently closed a funding round led by Sean Tai and Christian Moeller.

Sean Tai was the founder and CEO of Debtdomain, a global loan syndication platform, with enterprise customers in 70 countries. Debtdomain was acquired by Ipreo in 2013, which was subsequently acquired by IHS Markit for $1.86bn in 2018. Sean is joining Alterest as an investor and board member, drawing on his wealth of experience to help drive the business towards adoption by structured finance, securitisation and credit-focused investors globally.

Christain Moeller is a former Managing Director of Guggenheim Partners and, prior to that, CEO of Lazard Capital Markets. Christian has been an investor in Alterest since its early days, bringing his deep capital markets expertise.

Founded by Jeevan Param (ex-Capula and ex-Market Invoice), Alterest is an enterprise solution enabling banks and asset managers to transform the way they work with loan portfolios and originators. The platform’s proprietary technology offers unparalleled flexibility and customisation suitable for a variety of use cases, from fintech lending strategies and forward-flow monitoring to wholesale facilities management.

Alterest automates repetitive, manual processes, removing reliance on spreadsheets and eliminating associated operational risk. The solution enables seamless data exchange between market participants, in-depth analytics on millions of loan-level data points, and flexible reporting on loan portfolios across geographies and asset classes. Alterest provides users with a way to easily manage billion-dollar loan portfolios of asset-backed securities, comply with related regulations and effortlessly assess new investment opportunities.

The company’s innovative offering has attracted global banks and asset managers including some of the most-active funders to marketplace lending platforms in Europe. Alterest has also worked with over 40 non-bank lenders from SME loans to salary finance, developing expertise across all asset classes.

As Alterest enters a new exciting stage of growth, it is looking to expand the team in both London and Bangalore.

July 16, 2017
by 
Jeevan Param

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