Credit Benchmark Raises $7M in Funding
Summary
The company intends to use the funds to expand its offerings and scale its contributed data model.The company offers an objective and dynamic measure of risk that reflects the aggregated views of multiple financial institutions that have direct exposure to the underlying entities.Its coverage includes a sizable and granular universe of tens of thousands of unrated entities where no market-accepted credit metrics exist today.Additionally, Credit Benchmark is developing new technology and research capabilities that will expand its analytics product offerings for banks, asset managers, and insurers.It will also continue to expand its team following the recent appointments of industry veterans William Haney as CEO and Nicholas Pastoressa as Chief Product and Technology Officer.