Fresh off another round of $5 million in seed funding, fixed income intelligence and portfolio management platform YieldX announced its general availability to advisors, broker/dealers and family offices, among other clients. The company has been in private beta since June.
The startup has three features designed to facilitate fixed income selection and trades. AssetExplorer is its analytics tool to identify and screen fixed income assets; BestFit lets users construct a customized portfolio of corporate and municipal bonds; and InPaas is an algorithm-based feature for balancing income or yield target goals against risk and expense ratios.
The company is led by CEO Adam Green, co-founder of MoneyLion, and President and Chief Innovation Officer Steve Gross, formerly founder and CIO at AlphaParity (acquired by Franklin Templeton). YieldX raised $5 million in seed funding in April 2019 and closed another round of $5 million two weeks ago, according to Green.
AssetExplorer shows users