Kicking off 2022 with a bang
January 3, 2022
I hope you all had a wonderful and restful holiday week. We're about to get right into the thick of things as January is shaping up to be one of our biggest and most important months ever. Over the four weeks, you will see four major strategic initiatives we've been working on come to life, one after another.
Press release for the launch of our Underwriter product: One of the most important product launches we'll ever have as a company, it's the first step in our ability to take ourselves out of the transaction and let the marketplace run on its own with originators, investors, and now, critically, the underwriters. We already have our first handful of underwriters ready to go but this will be our signal to the market that we are open for business. Credit the engineering and product teams on this one on getting as complex a product as this live in the shortest amount of time ever.
Press release for the acquisition of [ ] IP: After weeks of negotiations back and forth with MidCap, a subsidiary of Apollo, we finally have come to an agreement on terms and the board has signed off on the acquisition agreement as of this morning. The next step will be the transfer of the IP and the joint drafting of the press release. Any acquisition made by a startup is a big deal and sends a strong signal to the market but an acquisition from one of the leading alternative investment management firms is making a statement. The technology itself will be instrumental as we expand our surveillance capabilities but it will also open doors to other investment managers who don't want to be left in Apollo's wake.
Launch of our rebrand: One of the Marketing team's first major initiatives with Jessica joining was the complete rebrand of our marketing website and materials, particularly ahead of our Series B when VCs will be actively looking through our site once again. Execution had to be flawless here as time was extremely limited and it's all coming together in short order.
Press release for the development of a credit protection offering: This will be new to many of you but you can certainly appreciate the need for an offering like this in light of the defaults we've had on the platform to date.
We will go over all of this in more detail in the all-hands on Friday. Stay tuned!
Get ready for these next few weeks, people simply won't be able to stop hearing about us 🚀
