AltFi Data closes additional funding round and highlights new originators and additional functionality
AltFi Data has announced that it has closed a further funding round that will allow the company to further develop the products required to allow investors to mechanise investment processes relating to loan assets. CEO Rupert Taylor explained:
“Investors are attracted to the returns that are available from a new asset class that brings diversifying properties and limited correlation to listed assets. However the challenges of investing in these assets are significant given the range of different loan types and reporting methodologies. AltFi Data are working hard to further develop tools that allow investors to bring efficiencies to the investment process.”
The company also suggested that progress is being made with respect to additional originators adopting AltFi Data’s standardised performance track record. Rupert elaborated:
“We expect to reveal a number of new originators in the coming weeks. These will extend our performance measurement standard into new geographies, new asset types, and new models of origination.