Big xyt, a leading provider of AI-analytics for financial markets, announced today that it has secured a significant €10m in funding.
The investment was led by European growth investment firm Finch Capital, marking the first round of external funding for big xyt after a decade of profitable self-sustaining growth.
The €10m investment will be instrumental in accelerating big xyt’s global expansion plans, focusing on extending its reach into Europe, the US, and APAC markets. The funding will also support a strategic hiring initiative slated for 2025.
Big xyt specializes in delivering comprehensive data analytics solutions that simplify complex market dynamics for financial institutions. The company’s advanced technology platform provides detailed insights into trading environments, liquidity, and market trends, which are crucial for data science and quant teams within major global investment banks, asset managers, exchanges, and regulatory bodies.
Big xyt’s platform is renowned for its ability to systematically collect, clean, validate, and store vast quantities of tick data from over 120 trading venues globally. This data is then processed to generate metrics that measure all forms of trading activity, supported by comprehensive APIs that facilitate deeper quantitative research and system integration for algorithmic and decision-support tools.
Robin Mess, CEO of big xyt, highlighted the impact of the investment, saying, “Finch Capital’s support accelerates our product development and team growth and enables us to take our proven expertise to the next level to meet the rising demand for advanced analytics. These include the need for automation and data-driven decisions in order to navigate regulatory pressures and stay competitive in increasingly complex financial markets.”
Further emphasizing the significance of this partnership, Aman Ghei, UK Partner at Finch Capital, remarked, “big xyt’s expertise in automating capital markets data is crucial as financial institutions face mounting competitive pressures and regulatory demands. This investment will support their strategic growth across Europe, the US and APAC, further strengthening their leadership in trading data analytics.
“big xyt’s team is uniquely positioned to dominate the market with their unmatched expertise in financial data analytics, robust tech innovation, and deep industry insights. Their strategic vision, combined with a proven track record in scaling complex, data-driven solutions, empowers them to stay ahead of evolving market demands. big xyt’s ability to deliver unparalleled data quality and actionable intelligence is precisely what today’s financial institutions need to gain a competitive edge, making them the most formidable team to lead this space,”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
