User:SeraneNorton/sandbox/BankerBay Technologies

BankerBay Technologies is an online deal sourcing platform that helps later stage and middle-market companies raise capital by introducing them to relevant capital providers, using a matching algorithm. The platform helps members buy and sell companies as well as locate potential investments, globally. BankerBay provides transactions in M&A, commercial real estate, project finance and private equity.

History
BankerBay was founded in 2013 by Romesh Jayawickrama and was originally headquartered in Singapore. The company secured close to $1 million in funding in an angel round in 2014. In 2015, BankerBay closed a $2.1 million seed funding round and subsequently moved its headquarters to New York, USA. In 2016, BankerBay raised another USD 2 million in a convertible funding round. In 2017, BankerBay established its fifth office in Shanghai, China. The company currently has offices in Singapore, USA, India, the United Kingdom and China.

Services
BankerBay matches sell-side deals with potential investors, based on the criteria they enlist on the platform. Their system essentially profiles sell-side companies using criteria such as sector, sub-sector, geography, financials, EBITDA and others. Using this data, the platform is able to match the company with the appropriate buyer or investor whose criteria matches the sellers’. Members remain anonymous until they mutually consent to an introduction. In 2016 the company added features to its platform to facilitate commercial real estate transactions. In 2018 the company launched its UNSDG product, enabling investors on the platform to search for deals that match their social and development agendas.