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October 8, 2021

ConnectedFi hits 2000 live deals milestone with API layer

By Alejandro Gonzalez

ConnectedFi, a cloud-based provider of deal flow software for equipment finance brokers, has achieved its 2000th deal through its IT network that connects asset finance brokers and funders, the fintech said in a statement.

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

ConnectedFi’s API (application programme interface) layer is designed to improve turn-around speeds for credit decisions and reduce operational risks, the company said.

By integrating brokers’ management systems, the API lay technology allows for the funding proposal information to be sent in exactly the format required by the funder.

“This ensures that the lender gets exactly the information and attachments required to complete the credit assessment, reducing the inefficient process of having to ask for more information or having to find the information in an unstructured email. By sending the information directly into the lender’s system, unnecessary re-keying is avoided,” ConnectedFi said in a statement.

Kaushik Chakravarti, CEO and founder of ConnectedFi

Decisioning is accelerated with both funder and broker able to offer a better service to their clients, the software provider said.

Subject to the sophistication of the lender’s system, the ConnectedFi technology also allows the lender to send messages back to the broker electronically, including automated status updates, pre-populated documents for e-signing or real-time pricing.

A key benefit for brokers is that because of its integration to multiple lenders, ConnectedFi can provide straight-through processing across a range of funders, without having to log into multiple funder portals, the company said.

The ConnectedFi API layer is used by eight lenders and over 25 of the largest broker groups in the UK.

 

Former Barclays and Lombard man joins asset finance broker portal ConnectedFi

In July 2020, ConnectedFi announced that as a provider of origination software for the commercial finance industry, it had serviced over 120 intermediary firms and paid-out over £1.2bn to more than 140 funders since 2017.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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