CIBC Innovation Banking provided a $10 million credit facility to MayStreet, a market data technology and content provider.
“Ultra-high-quality data is critical in powering the most innovative technologies being developed on Wall Street and beyond, and MayStreet is at the forefront for market data with its end-to-end platform,” Kevin Grossman, managing director of CIBC Innovation Banking’s Denver office, said. “The firm’s business is growing rapidly and our team is pleased to support their continued expansion.”
“We believe we have a significant opportunity to help capital markets participants further their digital transformation efforts by most effectively and efficiently making use of the vast amounts of data available today,” Patrick Flannery, CEO and co-founder of MayStreet, said. “The CIBC Innovation Banking team shares our vision and we are pleased that they stand ready to help accelerate our growth plans should the need arise.”
