ecosystem / companies / overbond

Overbond

Overbond is a Toronto fintech that sells AI pricing and analytics for corporate bond trading — software that tells a trader where a bond should price and which dealer quotes are worth answering. Vuk Magdelinic and Han Ryoo founded it in 2015.

No longer operating — Wound down in 2025 after failing to raise or find a merger partner, with rising cloud-infrastructure costs cited as a factor. overbond.com no longer resolves.

FintechTorontoFounded 2015
$7.5Mseed round from Morrison Financial, early 2016BetaKit, 2019-08-15
~30%of a trader's workflow the CEO says the platform can automateThe DESK, 2021-08-26

The people

Vuk MagdelinicCo-founder & CEO · 1 TechTO talk
HR
Han RyooCo-founderprofile coming

What they build

COBI-Pricing LIVEReal-time AI bond pricing across more than 30,000 securities

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Working at Overbond

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On the TechTO stage

Every talk is searchable — ask the archive about Overbond

About

Corporate bonds still trade largely by phone and dealer quote, with no continuous public price. Overbond builds the quantitative layer on top of that: real-time pricing, dealer-axe analysis and margin optimisation for banks and asset managers trading fixed income. Vuk Magdelinic and Han Ryoo founded the company in Toronto in 2015 and raised a $7.5 million seed round from Morrison Financial in early 2016, one of the larger Canadian seed rounds of that year. It later opened AI analytics labs in Montreal for pricing research, and its COBI-Pricing LIVE product covers over 30,000 securities.

Backers

Seed round led by Morrison Financial Services in 2016.

Quick answers

What does Overbond sell?

AI-driven pricing and analytics for fixed income desks — real-time bond pricing, dealer-axe analysis and margin optimisation, sold to banks and institutional investors.

Who founded Overbond?

Vuk Magdelinic and Han Ryoo, in Toronto in 2015. Magdelinic is chief executive.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 4, 2026