User:SeraneNorton/sandbox/BankerBay Technologies
| Company type | Private |
|---|---|
| Industry | Technology |
| Founded | 2013 |
| Founder | Romesh Jayawickrama |
| Headquarters | , |
Area served | Worldwide |
| Website | https://www.bankerbay.com |
BankerBay Technologies is an online deal sourcing platform that helps later stage and middle-market companies raise capital[1] by introducing them to relevant capital providers, using a matching algorithm. The platform helps members buy and sell companies as well as locate potential investments[2], globally. BankerBay provides transactions in M&A, commercial real estate, project finance and private equity.[3]
History
[edit]BankerBay was founded in 2013 by Romesh Jayawickrama and was originally headquartered in Singapore. The company secured close to $1 million in funding in an angel round in 2014.[4] In 2015, BankerBay closed a $2.1 million seed funding round and subsequently moved its headquarters to New York, USA.[5] In 2016, BankerBay raised another USD 2 million in a convertible funding round. In 2017, BankerBay established its fifth office in Shanghai, China. The company currently has offices in Singapore, USA, India, the United Kingdom and China.[6]
Services
[edit]BankerBay matches sell-side deals with potential investors, based on the criteria they enlist on the platform.[7]Their system essentially profiles sell-side companies using criteria such as sector, sub-sector, geography, financials, EBITDA and others.[8]Using this data, the platform is able to match the company with the appropriate buyer or investor whose criteria matches the sellers’.[9] Members remain anonymous until they mutually consent to an introduction. In 2016 the company added features to its platform to facilitate commercial real estate transactions.[10]In 2018 the company launched its UNSDG product, enabling investors on the platform to search for deals that match their social and development agendas.[11]
References
[edit]- ^ Teten, David (2018-12-05). "Your Startup Is Dying -- Now What?". Entrepreneur. Retrieved 2019-01-17.
- ^ Murali, Malavika; Julka, Harsimran (2014-06-06). "Aspiring investors log onto online deal platforms like AngelList, BankerBay, Lets Venture to back new ideas". The Economic Times. Retrieved 2019-01-17.
- ^ "Digital Deal Sourcing in Private Equity". www.bcg.com. Retrieved 2019-01-17.
- ^ "Deal origination platform for financial institutions BankerBay raises under $1M in angel funding". VCCircle. 2014-05-02. Retrieved 2019-01-17.
- ^ "BankerBay Online Investment Banking Platform Receives $2 Million in Seed Funding". Crowdfund Insider. 2015-06-25. Retrieved 2019-01-17.
- ^ SBR (2017-09-07). "BankerBay Expands to China". Shanghai Business Review. Retrieved 2019-01-17.
- ^ Basak, Sonali (2018-10-11). "Automating the Wall Street Rainmaker". Bloomberg Businessweek. Retrieved 2019-01-17.
- ^ "Fishing For Deals? This A.I.-Powered Investment 'Dating' App Will Hook You Up". Inc. Southeast Asia. Retrieved 2019-01-17.
- ^ Lai, Leila (2016-10-10). "This 'dating app' for investment banking is going places". Inc. Magazine. Retrieved 2019-01-17.
- ^ "Deal origination platform for FIs BankerBay raises $2 mn in third funding round". Techcircle. 2016-07-14. Retrieved 2019-01-17.
- ^ Aziz, Afdhel. "How BankerBay Is Re-Inventing Investment Banking For The Many, Not The Few". Forbes. Retrieved 2019-01-17.
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