Bond portfolio management platform BondIT has received $14.3m in funding from Fosun, which plans to help it expand in China.
Diversified conglomerate Fosun Group has invested approximately $14.3m in BondIT, an Israel-based provider of fixed income portfolio management software.
BondIT has developed a platform that enables investors to quickly and easily create bond portfolios, and offers artificial intelligence (AI) tools that helps them quantify the possible risks and returns on their investments.
Fosun will take a seat on BondIT’s board of directors in conjunction with its investment, and BondIT CEO Etai Ravid said the company hopes to leverage Fosun’s expertise…
