Boston's rapidly developing Seaport Innovation District, home to BondLink's headquarters.
The idea to create a technology company to exclusively serve the needs of municipal issuers was developed over Colin’s seven years as debt manager for the Commonwealth of Massachusetts. Colin was always looking for an edge to improve his state’s borrowing costs, and worked closely on different financing strategies and innovations with his colleagues across the market in groups like the State Debt Management Network and the GFOA. With budgets getting tighter and tighter, the stakes are very high for issuers needing capital to fund public infrastructure: on average, governments and non-profits issue roughly $1 billion in municipal bonds every day, and the cost of repaying those bonds can consume between 8% and 10% of a typical annual budget. Despite the obvious need for technology to help issuers better manage their debt programs, there is no company offering the desired solutions for things like linking issuers with bond investors, allowing issuers to more easily manage their disclosure needs and compliance responsibilities, and sifting through the market’s noise to understand the fair value of their bonds. BondLink is now that company. Built for issuers, by an issuer.
BondLink’s mission is to help government issuers borrow more efficiently in the municipal bond market. Our solutions focus on user-friendly technology enhancements that help public sector CFO’s and treasurers make smarter decisions about their bonds. Every dollar that we can help issuers save through our technology is another dollar that can be redirected to other critical public needs like education, health care, and public safety. That’s what drives us.
Built for Issuers, by Issuers
BondLink is the only financial technology company that exclusively serves the needs of issuers in the municipal bond market. Founded by an issuer who is a long-time member of the GFOA, BondLink’s products are designed for public sector CFO’s who have limited time and resources, yet are always seeking an edge to elevate their debt financing programs.
A New Model for Disclosure
Since the financial crisis, bond investors have been demanding better disclosure from municipal issuers. From their perspective, disclosure in the municipal bond market is limited, lacks timeliness, and lacks comparability across issuers. BondLink’s new investor relations platform makes it easy for issuers to boost their disclosure to investors, including public data as it becomes available. We’ve worked with investors and rating analysts to identify the most valuable real-time data points that are produced by the different types of issuers in the muni market. By standardizing this data and making it available to investors in a user-friendly format, we’re changing the way investors conduct their credit surveillance.
Colin has more than 15 years of experience in the municipal bond market. Prior to BondLink, Colin managed the Commonwealth of Massachusetts’ borrowing needs from 2008 to 2015. Over that time, he issued close to $25 billion in bonds and notes. His work was distinguished for its innovation, and was awarded several awards from groups like the NFMA and SIFMA, as well as two national deal of the year awards from The Bond Buyer. A big focus of his time was on boosting the state’s transparency to investors. Colin studied public finance at Harvard’s Kennedy School of Government.
Carl is an experienced entrepreneur and proven technology leader, bringing over 15 years of work with Internet start-ups to BondLink. Prior to BondLink, Carl was the Co-Founder and CTO of FlipKey, a leading vacation rental home marketplace that was acquired by TripAdvisor. Before FlipKey, Carl was a founding engineer at Compete, a digital competitive intelligence business used by Fortune 500 companies and prominent Internet brands. Compete was acquired by TNS, and is now owned by WPP. Carl has a BS in Computer Science from the University of Virginia.