Fintech chops minimums to expand fractional bond platform
BondbloX Raises $6M in Series B
Singapore fintech BondbloX just raised a fresh $6 million series B round to expand their digital bond trading platform.
Beacon Venture Capital from Thailand’s Kasikornbank joined the bloc, alongside existing investors Citi and MassMutual Ventures.
The new capital influx will help BondbloX stretch their reach to India’s GIFT City financial hub.
What do they do?
Founded in 2016 as BondEvalue, BondbloX makes buying and selling bonds way more accessible for average investors.
Users can start trading bonds with just $1,000 – a fraction of the typical $200,000 minimum.
“We chopped bond trading minimums down to size so everyone can get a piece of the action,” said a BondbloX spokesperson.
Global Expansion with Low-Cost Trading Model
BondbloX charges around $1.50 per trade and 0.2% annually on assets under management. With this fee-tastic model, it’s no wonder they keep attracting fresh funding.
This latest $6 million round comes after a previous $6 million series A last year from Citi and MassMutual.
With its warchest replenished, BondbloX can continue expanding its trading bloc globally.
Fixed income, prepare to get more flexible!
