FinovateFall 2013 / Lumesis
Presenter Profile:
How they describe themselves: A software company focused on the fixed income Municipal Market. Our DIVER Platform addresses the needs of Credit Analysts, Risk and Portfolio Managers, Financial Advisors, and Compliance Professionals with easy to use cloud-based, SaaS solutions. We help our users solve for the unique realities of the Municipal Market: stale financial data, over-reliance on insurance and raters, increased regulation and fiscal stress that has led to unprecedented actions (Detroit bankruptcy) and attention (unfunded pension obligations). Our platform has three offerings, each leveraging our database of over 250 distinct data sets.
How they describe their product/innovation: A comprehensive information delivery and Compliance solution serving Financial Advisor Networks. DIVER Advisor is designed to protect the firm via a robust Compliance infrastructure. Financial Advisors gain insights to activity around client positions through real-time dashboards and easily access internal credit research. A simple to generate CUSIP-driven reporting module addresses adherence to Regulatory Requirements.
Product Distribution Strategy: Direct to Business (B2B), through financial institutions, other fintech companies, Trading Platforms, Portfolio Management platforms, & licensed to firms
Contacts:
Bus. Dev. & Sales: Michael Vossler, MD Bus. Dev., MVossler@lumesis.com,
(o) 203-276-6514, (m) 917-375-7377
Press: Patti Boyle, CMO, Patti@pattiboyle.com, (m) 610-202-7342
Website: lumesis.com
HQ Location: Stamford, CT
Founded: July 2010
Product Demoed: DIVER Advisor
Product Launch: April 2013
Metrics: 20 Employees, 70 Institutional Clients & 17,000+ Users. Funding to date is $5,230,000.
Presenter(s): Gregg Bienstock (CEO & Co-Founder),
Timothy Stevens (COO, President & Co-Founder)
- Key Executives
Gregg L. Bienstock, Esq. (CEO & Co-Founder), Timothy J. Stevens (President, COO, & Co-Founder), Vincent Aubrun (CTO & VP Engineering), & Michael J. Vossler (Bus. Dev.)
Key Stats
- Key Board Members
Joshua Laurito (Co-Founder & Advisory Board Member) & Kate McDonough (Advisory Board Member)
- Key Advisory Board Members
Joshua Laurito (Co-Founder & Advisory Board Member) & Kate McDonough (Advisory Board Member)
- Key Investors
Gregg Bienstock (CEO & Co-Founder, Lumesis), Timothy Stevens (President, COO, & Co-Founder, Lumesis), Safeguard Scientifics, NextStage Capital, JA3 Partners
- Key Partnerships
TMC, Tradeweb, Credit Scope, & Municipal Market Advisors
- Key Customers
Advisor target clients are financial services firms with teams of advisors (investment/financial) that serve retail and firms with municipal bond trading desks. Analytics target clients are Credit Analysts and Risk/Portfolio Managers. Our clients include investment banks, asset managers, insurance companies, broker-dealers, mutual funds, and community banks.