dv01

About

What began as one man's firsthand experience of the 2008 financial crisis has evolved into a pivotal force for transparency in the complex world of structured finance. Perry Rahbar, a former MBS trader at Bear Stearns and J.P. Morgan, witnessed the devastating impact of opaque lending markets. This experience became the crucible for dv01, founded in 2014 with a clear mission: to prevent a repeat of such a global financial catastrophe by bringing unparalleled clarity and insight into lending markets. The company embarked on a journey to build the world's first end-to-end data management, reporting, and analytics platform specifically designed for loan-level data. This wasn't just about technology; it was about fundamentally changing how lenders and Wall Street investors interact with structured products. dv01's platform began by tackling the fragmented workflows and outdated technologies that plagued the industry. By normalizing data across various online lenders and asset classes—spanning mortgages, personal loans, auto loans, buy-now-pay-later programs, small business loans, and student loans—dv01 empowered banks and institutional investors with clean data, automated reporting, and predictive analytics. This data-first approach quickly gained traction, with over 400 of the largest financial institutions turning to dv01 for its comprehensive coverage, which now includes over 120 million loans and $5 trillion in original balance. The company's commitment to innovation and transparency didn't go unnoticed. In September 2022, dv01 was acquired by Fitch Group, becoming a subsidiary of Fitch Solutions. This strategic move further solidified dv01's position as a leading capital markets fintech firm, poised to continue its expansion and drive technological advancement in making financial markets safer and more efficient for everyone involved. The journey from a crisis-born idea to an industry-standard platform underscores dv01's dedication to transforming structured finance through data.