Christian Bower

Bower: working to extend awareness and coverage

Diliger, a start-up offering research tools for buyers of capital markets services, is looking to raise £500,000 through crowdfunding using the Crowdcube site.

The company says that the money will be used to build its community of buyers and suppliers of financial technology, market data and securities services, and to increase use of the platform, which is understood to have some 3,500 users.

On the product development side the company plans to extend its technology coverage to transaction and payment systems and to increase securities services coverage to include custodians and prime brokers.

“We have been delighted that in our inaugural year we have not only delivered the platform, but seen such substantial adoption by the market,” said Christian Bower, chief executive. “The platform has been designed from the outset to be global, so we have much to do in terms of generating awareness, ensuring all suppliers are represented and extending our coverage.”

The Diliger platform currently allows capital markets and investment professionals to source systems, market data, infrastructure and securities services. Pre-completed RFIs support market identification, research, and evaluation of solutions and services against a broad set of requirements criteria. Functionality includes generating RFI level reports and comparison tables on the fly, as well as creating and managing purchasing projects on an enhanced dashboard.

Currently the site has 1,500 suppliers listed. According to the information posted on Crowdcube, the company believes there is a potential market of 10,000 suppliers. It charges suppliers to list their details on a sliding-scale subscription basis.

Tim Leppard, chief technology officer, said that the company has “developed a deep and logical framework” to capture information on suppliers’ capabilities, so that buyers can accurately identify suppliers that match their requirements, and compare them to their competitors.