Title: Founder and CEO
Firm: Adaje Inc.
Age: 38
After spending 15 years in public finance, Daniel Silva grew frustrated with the lack of technology in the industry and set out to create change. In 2018, he co-founded Adaje Inc., which is powered by artificial intelligence and natural language processing to develop a modern integrated debt modeling and management platform.
"From all my work in the sector, I realized just how archaic technology in public finance was. We were using old tools," said Silva, who searched for better alternatives prior to founding Adaje. "My partner and I decided to tackle the problem ourselves. I never took a coding class in my life. My partner taught me computer science and I taught him public finance."
Since its inception, Adaje has helped issuers, bankers and advisors streamline and simplify their processes. Under Silva's guidance, Adaje is poised to be a replacement for the existing solutions.
Silva graduated from Drexel University, worked at Fairmount Capital Advisors and co-founded Callowhill Capital Advisors prior to founding Adaje.
Prior to going to market with Adaje, Silva tested his product at Callowhill. "I wanted to try the software in a real environment. It worked and gave me hours back in my day," said Silva.
Adaje is successfully getting firms off older legacy platforms and still has a lot of runway for growth. "There is a lot of opportunity improve on what we already put out there. We are in the middle of launching with some of the biggest investment banks and these folks are so enthusiastic. This is all super encouraging to me. I will be happy when I can say the top 30 investment banks are using Adaje," said Silva.
