Bondit

About Bondit

Founded in 2012, BondIT is an Israeli financial technology company that emerged to address the complexities and data fragmentation within the fixed-income investment market. The firm was established by Etai Ravid and Hillel Raz, who aimed to create a robust solution for managing bond portfolios. BondIT operates on a business-to-business model, providing a software-as-a-service (SaaS) platform to asset and wealth managers, portfolio managers, and financial advisors. The company generates revenue through subscriptions to its technology, which empowers these financial professionals to automate and scale their fixed-income investment processes.

The core of BondIT's offering is an AI-driven platform designed to streamline the entire fixed-income workflow. This technology assists clients with the construction, management, and optimization of bond portfolios, transforming a process that could take days into one that takes minutes. The platform is data-agnostic, meaning it can integrate with a client's existing data, internal models, and downstream order management systems. A key feature is its use of explainable AI (XAI), which provides transparency by allowing users to understand the rationale behind the platform's recommendations, unlike typical "black-box" models. This is particularly evident in its 'Scorable' credit analytics tool, acquired through a 2020 merger with Scorable, which predicts the probability of credit rating upgrades or downgrades for thousands of corporate issuers.

Clients, including asset managers and global banks, use the platform to build customized bond ladders, rebalance portfolios according to specific constraints, and analyze various risk metrics. The system can generate multiple portfolio suggestions for trade-off analysis and provides real-time monitoring. For instance, it allows users to specify objectives like yield to maturity, cash flow requirements, or ESG scores and receive compliant, actionable proposals instantly. A strategic investment from BNY Mellon in 2022 further solidified BondIT's role in driving the digitization of fixed-income investing.