devmark.ai
About devmark.ai
SyntheticFi offers a custodian-agnostic securities-backed lending platform that utilizes box spreads to provide clients with lower interest rates, typically 1% to 3% below traditional lenders. This streamlined process eliminates excessive paperwork and allows clients to access liquidity without moving their assets, addressing the high costs and complexities associated with conventional borrowing methods.
<problem> Traditional securities-backed lending involves cumbersome paperwork, pledged accounts, and interest rates that can be 1-3% higher than institutional borrowing rates. This complexity and cost can limit access to liquidity for financial advisors and their clients, hindering their ability to capitalize on investment opportunities or manage short-term financial needs. </problem> <solution> SyntheticFi provides a custodian-agnostic securities-backed lending platform that leverages box spreads to offer lower interest rates, typically 1% to 3% below traditional lenders, with rates starting as low as SOFR + 0%. The platform streamlines the borrowing process by eliminating pledged account paperwork and enabling clients to access liquidity without moving their assets. Clients can borrow up to 50% of their non-retirement investments, with a minimum loan size of $10,000, and use the funds for various purposes, including real estate purchases, debt consolidation, and lifestyle expenses. The interest on SyntheticFi loans is always tax-deductible, regardless of how the funds are used. </solution> <features> - Custodian-agnostic platform supporting major custodians like Charles Schwab, eliminating the need to move assets - Streamlined, fully digital onboarding process with no wet signatures required - Interest rates typically 1-3% lower than traditional lenders, achieved through box spread strategies - Tax-deductible interest expenses for all loan purposes - Flexible loan terms with options for both floating and fixed interest rates, up to 5 years - Low minimum loan size of $10,000 - Support for existing money managers, such as SMAs, UMAs, and TAMPs - Integration with existing advisor workflows, requiring minimal operational lift </features> <target_audience> SyntheticFi primarily targets independent financial advisors and their clients seeking cost-effective securities-backed lending solutions with lower interest rates and simplified processes. </target_audience> <revenue_model> SyntheticFi charges a management fee of 0.50% of the amount borrowed on an annual basis, subject to volume discounts and case-by-case negotiations. </revenue_model>
What does devmark.ai do?
SyntheticFi offers a custodian-agnostic securities-backed lending platform that utilizes box spreads to provide clients with lower interest rates, typically 1% to 3% below traditional lenders. This streamlined process eliminates excessive paperwork and allows clients to access liquidity without moving their assets, addressing the high costs and complexities associated with conventional borrowing methods.
Where is devmark.ai located?
devmark.ai is based in San Francisco, United States.
When was devmark.ai founded?
devmark.ai was founded in 2023.
How much funding has devmark.ai raised?
devmark.ai has raised $500.0K.
- Location
- San Francisco, United States
- Founded
- 2023
- Funding
- $500.0K 0
- Investors
- Y Combinator
