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Octaura Raises $46.5M to Digitize Electronic Trading in Syndicated Loan and CLO Markets
- Octaura raises $46.5 million to digitize electronic trading in syndicated loan and CLO markets, addressing inefficiencies and lack of liquidity in these markets.
- The platform combines real-time trading capabilities, data analytics, and connectivity solutions, capturing 4.6% of total secondary loan trading volume in just two years.
- Octaura offers an electronic trading platform for syndicated loans and CLOs, revolutionizing how these markets trade through improved accessibility and streamlined processes.
- The funding round was backed by investors like Moody’s Analytics, major banks, and new investors like Barclays, Deutsche Bank, and BNP Paribas.
- Octaura's business model includes transaction-based fees for its trading platform and subscription-based offerings for data and analytics products.
- The company plans to continue penetrating the leveraged loan market, launch its CLO trading platform, and develop innovative data and analytic solutions.
- Octaura's focus on addressing client challenges and the platform's proven use case were key factors that led investors to support its growth.
- The company aims to digitize the credit market through innovation, expanding its market share and product offerings in the coming months.
- Octaura's CEO, Brian Bejile, started the company to modernize electronic trading in syndicated loans and CLOs, inspired by his experience as a CLO trader.
- The platform has shown rapid growth, attracting dealers and buy-side firms and quickly capturing a significant percentage of market trading volume.
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