Bondaval enables promises.
Independent retailers struggle to unlock the working capital they need to run and grow their businesses. Bondaval’s next generation credit security comes in the form of a Microbond – the same as a big corporate or government bond, but much smaller, faster, flexible and accessible.
The proprietary technology stack underpinning the Microbonds uses big data and machine learning, layered over deep surety and credit underwriting expertise. This unique credit risk engine democratises access to the most efficient credit solutions for all retailers and guarantees certainty for wholesalers.
Independent retailers are forced to use archaic and ill-suited instruments to secure inventory, which comes at a huge opportunity and material financial cost. The laborious 6-month process costs them time, access to their working capital and restricts further business growth.
Bondaval’s solution is simple – Microbonds enable trustworthy retailers to access collateral-free credit security/ in a few clicks, saving precious time and freeing up capital.
Tom Powell (CEO) – 5 years experience with surety-related products. 2 years working in an early-stage tech venture. 1 year working at a Bio-Tech start-up. Prior to business, Tom was a professional sportsman and England captain in 2 Commonwealth Games and Rugby Sevens World Cup.
Sam Damoussi (COO) – 10 years experience as a surety and growth specialist in insurance-backed bonds. Established and launched two prior A-rated, fuel bond programs both as MGA and insurer. Previously at an independent Lloyds broker and CNA.
“Tom and I are really looking forward to working with the Insurtech Gateway team. Through the investment process their industry focus and expertise meant that they understood our B2B insurtech proposition straight away and we could spend more time discussing Bondaval’s potential. Going forward, we’re keen to benefit from the team’s vast operational experience and the opportunity to collaborate with fellow Gateway founders as we build Bondaval.”
Sam Damoussi, Co-Founder at Bondaval.
BondAval secures $7 million seed round led by Octopus Ventures Read the full story on TechCrunch …
We are delighted to welcome BondAval to the Insurtech Gateway portfolio, leading their $1.64m Pre-Seed investment round, alongside True Sight …
“Bondaval’s digitised product will make life so much easier and efficient for Retailers to secure credit from their Wholesalers and Suppliers. We look forward to working with Tom, Sam and the Bondaval team to launch their proposition in Europe and the US.”
Robert Lumley, Co-Founder at Insurtech Gateway