DebtBook started with a simple but powerful insight: public finance teams were managing billions in debt using sprawling, error-prone spreadsheets. Tyler Traudt, a former investment banker and public finance consultant, saw the opportunity to build something better—something that could simplify financial data management and empower public institutions to operate more confidently. He partnered with Dualboot to bring that vision to life.
The Opportunity
Governments, schools, and nonprofits rely on spreadsheets to manage their debt—an approach that often leads to human error, inconsistent reporting, and potential risk. Traudt had spent years advising public entities, helping them borrow funds for transformational projects like building schools. But he saw firsthand how hard it was for these organizations to keep track of loan terms, payment cycles, and disclosure requirements using static tools.
“If you’re the CFO of a local government with 20 loans from different banks, you’re managing a huge volume of complex data that affects your budget, financial reports, and future borrowing,” said Traudt. “There was no technology purpose-built to handle this.”
Traudt envisioned a new kind of platform: one that consolidated debt information, simplified reporting, and helped finance teams focus on what mattered—serving their communities.
“With no expertise in the technology space, I was trying to find some validation from an expert. The Dualboot team gave me confidence that what I was trying to do was actually achievable.”
Tyler Traudt
Co-Founder & CEO DebtBook
The Solution
Before building the product, Traudt approached Dualboot Partners for validation and guidance. He wanted to know: was this concept technically feasible, and could it support the strict requirements of public finance?
The Dualboot team provided early product strategy support and helped validate the core idea. From there, they moved into collaborative development—designing a secure, intuitive, and accurate platform from the ground up.
Working closely with co-founder Erik Pelletier, Dualboot translated complex financial logic into a user-friendly interface that made critical information accessible at a glance. The engagement extended beyond engineering. Dualboot acted as a trusted advisor, supporting everything from investor intros to vendor selection.
Implementation
Dualboot embedded with the DebtBook team, working hand-in-hand to design and build a platform that:
Consolidates financial information in one place
Enables collaboration with multiple stakeholders
Provides automated charting and audit-ready reporting
Eliminates spreadsheet chaos with clean, intuitive navigation
Pelletier emphasized the importance of precision: “When you’re dealing with municipal finance, you can’t afford errors. Dualboot’s ability to understand our domain and build with care was essential.”
The Impact
DebtBook now serves major institutions across the country—from school districts to local governments. The platform empowers teams to answer essential questions quickly and accurately: How much debt do we have today? What’s coming due next quarter? How much is allocated to each fund?
In just 18 months, DebtBook raised nearly $2M and secured contracts nationwide.
“We’re leveling up an entire sector,” said Pelletier. “And because the platform is strong, we can focus on delivering a world-class customer experience that truly helps our users support their communities.”
“We are giving them a modern tool that allows them to get to better answers faster. We’re going to empower them, for the first time, to deliver more impact around those projects, and it should result in better financing of schools, parks, greenways, affordable housing, roads or something else.”