BankerBay Closes Latest Investment Round

Jul 13 2016 | 1:02pm ET

Investment banking platform BankerBay announced the closing of a $2 million convertible funding round, including investors from prior rounds.

The latest financing round will support BankerBay's continued global expansion, solidifying its presence in major financial markets through the build out of sales, marketing and business development teams in London and New York, according to the company.

"Leveraging technology is particularly important to help foster investment in the increasingly fragmented middle-market as the entire traditional investment banking industry continues to face mounting pressure, cutbacks and big reductions in budget," Romesh Jayawickrama, founder and CEO of BankerBay, said in a statement.

Based in Bangladore, Bankerbay connects qualified corporate seekers of capital with institutional providers of capital around the world and has introduced deals worth over $53 billion in private equity funding, project finance, mergers and acquisitions and real estate transactions.

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