[Originally published on RIAIntel by Holly Deaton]
AltExchange, a company that aggregates and organizes information from more than 50 alternative investment platforms for wealth managers, launched yesterday. It already has just under $100 million on its own platform and a list of 300 investors waiting to use it.
Zak Boca, co-founder and CEO of AltExchange, likened his company to Plaid, a software that allows banks and other financial services companies, with permission from their customers, to access account information at unaffiliated firms. Banks and fintech companies then use that account information to help their customers analyze their finances and make decisions.
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