Cardo AI: Secures $15M Series A Funding Led by Blackstone and Expands in US

Cardo AI, a fintech company specializing in advanced technologies for structured finance, has successfully raised $15 million in a Series A funding round led by Blackstone and Fintop Capital, with the support of existing investors. This funding aims to modernize the lagging structured finance sector, which is currently behind public markets in infrastructure and efficiency. Leveraging a powerful data engine, predictive AI algorithms, and advanced software, Cardo AI stands out in modernizing the sector and maximizing efficiency. Founded in 2018, Cardo AI has expanded significantly in Europe and the UK with support from Fasanara Capital and has entered the US market where it has begun collaborations with sophisticated investors. Blackstone plans to use Cardo AI's technology for their asset-based finance and direct lending operations. The Cardo AI platform has been pivotal in managing the entire illiquid credit market with a multi-strategy approach, assisting asset managers and investors in real-time portfolio monitoring and decision making, as well as aiding banks and issuers to attract new investors. Presently, Cardo AI oversees over $40 billion in assets with a global team of 120 talents located in multiple international locations.