Halo raises $12m to democratise structured notes investing
Structured notes platform, Halo Investing, has closed a $12 million Series B round to help deliver greater transparency and competition in the investment process, reports Jane Connolly.
Venture capitalists including Allianz Life Ventures and William Blair Circle took part in the financing round. The company valuation was not disclosed.
Halo claims to be the world’s first and only independent, multi-issuer technology platform for structured notes. The company aims to democratise investment by bypassing the traditional $1 million minimum investment, changing the way structured notes are purchased, accessed and traded, and expanding into new asset classes.
“Halo was purpose-built for advisors’ needs, having the mantra of putting positive impact before profits,” says Halo CEO and co-founder, Jason Barsema.
“Whether you are a firefighter or a Fortune 500 CEO, all investors deserve access to protective investing, done in an independent and unbiased way. This has been the key to making Halo one of the largest platforms in the world and we couldn’t be prouder to have Allianz and William Blair stand by our side on this mission.”
The disruptive technology delivers to buy-side wealth management channels the best investment for a client in an issuer-agnostic, data-secure way.
Halo’s software also improves order management workflows for both issuers and buy-side customers and improves back office and product compliance efficiency.