INSUBCONTINENT EXCLUSIVE:
Securitization is a critical function of the modern financial system
with structuring agents and buyers constantly seeking each other out.Much in the way that real estate and startup crowdsourcing platforms
democratized access to those alternative investments, Cadence wants to expand access to securitized products while increasing the velocity
of transactions for originators and lowering prices
City-based capital markets startup has now structured $88 million in notes across 76 offerings and 12 originators according to the company
with almost $26 million in transaction volume
Cadence also structured a $40 million whole business securitization with FAT Brands, the owner of restaurant chains like Fatburger and Yalla
said that it also became the first digital asset company to launch a digital asset ticker on Bloomberg Terminal and also the first to join
It also secured the first financial debt rating for a digital asset.The company has a variety of revenue streams from different areas of its
It takes transaction fees on each deal, but also derives revenues from hosting data related to the performance of the underlying loans
a mostly SaaS model for originators and buyers
need short-term loans to cover costs.In addition to Revel, other investors in the seed round included Morgan Creek Digital, Nimble Ventures,
Argo, Tuesday Capital, Manatt, and Recharge Capital
R-R Venture Partners, a joint VC firm of former Citi chairman Richard D
Parsons and Clinique chairman Ronald S
Lauder, also participated.
