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CB Insights Reveals the Fintech 250 List at Future of Fintech

Xignite

Xignite Named to the 2017 Fintech 250, Highlighting Advancements in Cloud-based Market Data

New York, NY, June 27, 2017 -- CB Insights today named Xignite to the prestigious Fintech 250, a select group of emerging private companies working on groundbreaking financial technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the Fintech 250 companies during The Future of Fintech, a gathering of the world's largest financial institutions, best fintech startups, and most active venture investors.

CB Insights“The financial services industry will see more change in the next 10 years than it has in the last 100. And that transformation is being driven by a group of smart insurgent startup companies. The Fintech 250 are the most promising of these insurgents. They are bringing emerging technologies and business models to financial services that will permanently change the way we handle money and do business,” said CB Insights CEO Anand Sanwal.

“We are excited to be part of the CB Insights Fintech 250. Our vision is to empower and inspire the future of finance, and it is rewarding to see that we have empowered and inspired no less than 18 of the Fintech 250 with our easy-to-use cloud-based market data solutions. We are looking forward to taking what we have done with fintech companies to empower larger financial institutions to re-invent their customer experience all the while lowering costs,” said Stephane Dubois, CEO of Xignite.

The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by the companies and the company’s Mosaic Score. The Mosaic Score, based on CB Insights’ National Science Foundation-funded algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.

Companies such as Affirms, Stripe, Robinhood, Acorns, Nav and Blue Vine joined Xignite in being recognized for their innovative technology in front of an audience of 1000 senior executives from around the world and news outlets including The New York Times, The Wall Street Journal, The Financial Times, Reuters and Bloomberg.

Xignite makes market data easy, freeing clients from the constraints of hardware and software so that they may create, deliver, and scale applications globally, touching millions of users and devices. Xignite provides cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software. The Xignite Market Data Cloud platform, hosted by AWS, allows companies to simplify infrastructure, scale quickly, and innovate faster. Xignite handles more than 250 billion API calls each month.

Quick facts on the Fintech 250:

  • These 250 emerging private companies have raised $14B across 240 deals in 2016.
  • Applications of their technology include breakthroughs in insurance, lending, payments, human resources, real estate, and much more.
  • More than 2,000 companies were nominated or applied for the Fintech 250 (only 8% were selected).
  • Ribbit Capital has backed 17 of the Fintech 250 companies, while Andreesen Horowitz and Goldman Sachs backed 9.
  • Twenty-three Fintech 250 companies have reached a valuation of $1B or more.
  • 23 countries are represented among the Fintech 250 companies.

The Fintech 250 Companies (in alphabetical order):

51Xinyongka
55 Capital
Acorns
Activehours
Addepar
Adyen
Affirm
Airwallex
Algomi
AlphaSense
AngelList
Ant Financial Services Group
Artivest Holdings
Assembly Payments
Atom Bank
AutoGravity
Auxmoney
Avalara
AvidXchange
Axoni
Behalf
Beijing LaKala Billing Services
Better Mortgage
Betterment
Billtrust
BIMA
bitFlyer
BitPesa
Blend
Blockstack Labs
Blockstream
BlueVine
bonify
Branch International
Brave Software
Bright Health
C2FO
Cadre
Canopy Tax
Capital Float
Captable.io
Chain
Circle Internet Financial
CircleUp
Clarity Money
ClearTax
Cloud9 Technologies
Clover Health
Coinbase
Coins.ph
ComplyAdvantage
Credit Benchmark
Credit Karma
Creditas
CreditEase Insurance Agency
CreditMantri
Cross River Bank
Crowdcube
CurrencyCloud
CurrencyFair
Cyence
Dadao Financial
Deposit Solutions
DianRong
Digit
Digital Asset Holdings
Digital Reasoning Systems
Droit Fintech
Earnest
Easynvest
Ebury
Ellevest
Embroker
eShares
Even Respsonsible Finance
EverCompliant
Ezetap Mobile Solutions
Factom
Fenergo
Fenqile
figo
FinanceIt
FinancialForce.com
Finrise
Flywire
Folio
freee
Fundbox
Funding Circle
Funding Societies
Futu5
GoCardless
GoFundMe
GreenSky
GuiaBolso
Guideline
Gusto
Habito
hibob
IceKredit
IEX Group
Indiegogo
Indifi Technologies
iyzico
iZettle
JD Finance
Juvo
Juzhen Financials
Kabbage
Kakao Pay
Kasisto
Kensho Technologies
Kickstarter
Klarna
Kreditech
Kyriba
Ladder
Lemonade
LendingHome
Lendingkart
LendInvest
LendUp
LevelUp
Lu.com
M-DAQ
Magento Commerce
MarketInvoice
Marqeta
Merlon Intelligence
MetroMile
MobiKwik
MoMo
MoneyFarm
Moneytree
Monzo
Mynt
N26
Namely
Nav
Neighborly
NerdWallet
New York Shipping Exchange
Next Insurance
Nongfenqi
Nubank
Numerai
Nutmeg
One97 Communications
Onfido
OpenFin
OpenGamma
Oportun
Orchard Platform
Oscar Health Insurance Co.
Paga
Parasut
Paymax
PayNearMe
Payoneer
Paystack
Paytm Payment Bank
PeerIQ
PeerStreet
Perfios
Personal Capital
Ping++
Plaid Technologies
Point Digital Finance
Polychain Capital
Ppdai
Propel
Property Partner
Prospa
Qapital Insight
QFPay
Qingsongchou
Quantopian
Qudian
Quovo
Raisin
RealtyShares
Red Dot Payment
Reorg Research
Revolut
Ripple Labs
Riskalyze
Robinhood
Rong360
Roofstock
Roostify
Seedrs
Shenzhen Kingdee Suishou Technology
Signifyd
Silverfin
simplesurance
SirionLabs
Smava
SocietyOne
Socure
SoFi
solarisBank
Stash Invest
Street Contxt
Stripe
Symphony Communication Services Holdings
Tala
Tally Technologies
THEO
Tiger Brokers
Tink
Token
Tradeshift
Trading Ticket
TransferWise
TravelBank
Trov
TrueAccord
Trulioo
Trumid
Tyro Payments
Upgrade
VATBox
Veem
Verato
Viva Republica
Wave Accounting
Wealthfront
WealthNavi
Wealthsimple
WeCash
Weidai
WeLab
WorldCover
WorldRemit
Xapo
Xiaoyusan Insurance
Xignite
Xishan Information Technology
YapStone
Yoco
YongQianBao
Yuanbaopu
Zeitgold
ZestFinance
ZestMoney
Zhong An Insurance
Zoona
Zooz
Zopa
Zuora

About CB Insights

Our team comes to work every day to build technology that helps corporations guess less and win more. We aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.

With backing from the National Science Foundation and venture capital investors, we mine terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, and more. Our software algorithmically analyzes this data to help our clients see where the world is going tomorrow, today.

*We have MBAs.

Contact:

Farrah Kim, PR Manager
fkim@cbinsights.com
+1 212-292-3148

About The Future of Fintech

The Future of Fintech is an exclusive gathering of the world's largest financial institutions, best fintech startups, and most active venture investors.
 

For more information about the Fintech 250, visit:
https://www.cbinsights.com/research-fintech250

To learn more about CB Insights’ Future of Fintech, go here:
http://events.cbinsights.com/future-of-fintech

 

About Xignite

Named one of the ten coolest brands in banking, Xignite, Inc. makes market data easy. Xignite pioneered the shift of market data to the public cloud and is leading the disruption of the market data industry. The Xignite Market Data Cloud, hosted by AWS, provides financial entrepreneurs cloud-based solutions for managing and distributing market data. Xignite’s clients include more than 1,000 financial services, media and software companies including BMO, BlackRock, Charles Schwab, TIAA, and FinTech innovators Betterment, Envestnet|Yodlee, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, SoFi, Stocktwits, and Wealthfront. Visit http://www.xignite.com or follow on Twitter @xignite.

CONTACT:  

Kerry Langstaff
+1 650-242-4466
klangstaff@xignite.com

RECENT NEWS

By Max Bowie - Waters Technology

NICE Actimize has fortified the datasets available for use in its Surveil-X trade surveillance tool, using exchange prices and other data from Swiss vendor SIX, delivered via Xignite’s new suite of microservices for content distribution and data management.

The vendor is preparing to go live with the joint solution “any day now,” after completing some final data validation, says Sam Sundera, head of future business at SIX, who is based in the San Francisco Bay Area, and is responsible for dealing with partners, new technology data and initiatives, and with banks’ innovation labs.

A subscription to Waters Technology is required to read this article.

07/23/2020

The Two Companies Deliver Industry’s Largest Global Coverage Sourced from 1,800+ Trading Venues Via Hyper-Scalable Cloud APIs

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, and SIX, today announced a strategic partnership. Xignite and SIX are now offering real-time data from the catalog of SIX which includes 1,800+ global exchanges and trading venues via Xignite Enterprise Microservices, a suite of cloud-native market data management services built to transform how firms store, distribute, manage, and control market data in the cloud. The partnership accelerates the transition of large financial institutions and fintechs to the cloud. This is the first time such a comprehensive set of market data has been offered to the market via a native cloud solution.

Xignite’s battle-tested cloud-native solution currently serves more than 12 billion API calls per day to 750 clients around the world--making it the largest cloud API platform in capital markets. Xignite recently introduced Xignite Enterprise Microservices, a suite of vendor-agnostic services large firms can deploy to migrate their market data infrastructure and any of their existing data sources to the cloud.

“Large financial institutions have been looking for cloud-native market data solutions capable of handling their broad coverage requirements and offering a state-of-the-art customer experience.” says Stephane Dubois, CEO and founder of Xignite. “The pandemic has worsened the situation as firms want to get away from maintaining complex and expensive on-premise infrastructures that are overkill for most of their needs,” added Dubois. “We had the enterprise technology but not the coverage, so partnering with SIX made sense. We are thrilled to partner with SIX and be first to market with a true global enterprise solution.” 

SIX is one of the few market data vendors offering full coverage of the global capital markets. The Market Data Feed (MDF) from SIX delivers a steady stream of global market information that is consolidated, standardized and in real time. With MDF clients get access to over 30 million instruments across all asset classes and from more than 1,800 exchanges, OTC markets, and other trading venues. The combined solution integrates the MDF feed from SIX delivered from hosted collocation facilities to Xignite Enterprise Microservices deployed in the client’s own cloud account. The Xignite Real-Time Microservice is used to distribute real-time data internally or externally from the cloud via scalable APIs while the Xignite Entitlements and Usage Microservice provides control and transparency of data consumption and usage.

“Partnering with Xignite is a great leap for SIX in making its market data easily available to all buy-side and sell-side professionals. While making the richness, depth and wide coverage of our Market Data Feed available via Xignite’s cloud-based solution, we offer clients streamlined access to the highest quality data without a complicated acquisition process, burdensome integration or costly development,” commented John McManus, Head Sales, Financial Information, SIX.

About Xignite

Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed, and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

About SIX

SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality, and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
 www.six-group.com

07/23/2020

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has created a new program to assist early stage and start-up financial technology companies during the COVID-19 pandemic. To apply for this program visit https://www.xignite.com/fintech-development-program/

The costs associated with developing and launching fintech products and apps can be daunting, even in the best of times. A particularly challenging aspect can be the procurement of quality financial and market data. Hidden fees, restrictions on the use of data, poorly written APIs and exchange requirements are just some of the factors, in addition to costs, that can make it difficult for new or small fintechs to survive.

To assist early stage fintech companies, Xignite is inviting these disruptors to leverage the same technology and data APIs that have helped move the industry forward over the last decade. Through this program, companies can continue to develop their ideas and products without a significant capital commitment. Participants will be able to take advantage of development access for 60 days on Xignite’s most popular financial data APIs and enjoy significant discounts on fees for the first year. Also included in the program is access to real-time, 15-minute delayed and end-of-day stock prices, company data, currency exchange rates, indices, corporate actions and master data.

“Not only are we offering a compelling financial incentive, but companies will have access to the experts on our Product and Engineering team who not only first brought financial market data to the cloud, but also helped support and power some of the biggest disruptors in the industry such as SoFi, Robinhood and Betterment,” said Ryan Burdick, Senior Vice President and Global Head of Sales at Xignite. “By introducing this program, Xignite is able to support the next wave of entrepreneurs by helping to keep their visions moving forward as seamlessly as possible during this unprecedented time.”

About Xignite

Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud Platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

07/14/2020

NICE Actimize Gains Agility and Scalability Bringing its Real-time Market Data Infrastructure to the Cloud

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today announced the launch of Xignite Enterprise Microservices, a powerful suite of cloud-native market data management services built to transform how firms store, distribute, manage and control market and financial data in the cloud. NICE Actimize, the leading global provider of financial crime, risk and compliance solutions is the first user of the new Real-time Microservice solution.

Microservices are an architectural approach in which core functionality is handled by loosely coupled, independently deployable components that can work together or separately. Because you can deploy microservices as separate functional units, you can pick and choose the functionality you want and scale them massively at the lowest possible cost. Microservices stand in stark contrast with monolithic platforms that require many dedicated on-premise servers which are expensive to manage, often under-utilized, can’t scale on-demand and require frequent updates and upgrades for even minor changes. Most enterprise platforms also require firms to pay for capabilities that are not needed.

The Xignite Enterprise Microservices run on Xignite’s battle-tested cloud-based architecture that currently supports more than 250 different data sources and 12 billion API calls per day for over 750 fintech and financial services clients. Financial institutions can now leverage the same cloud technology Xignite has been refining and scaling for more than 10 years to move their own financial and market data to the cloud. Xignite’s microservices are built from the ground up for the cloud, in contrast with legacy data providers that are attempting to “lift and shift” their monolithic platforms for that purpose.       

Xignite Enterprise Microservices are vendor-agnostic and can bring transformative results to any data set a firm may license or collect from vendors such Bloomberg, FactSet, ICE Data Services, SIX Financial, Vela Trading, QuantHouse and many others, as well as in-house proprietary data.

“We are incredibly excited to launch Xignite Enterprise Microservices, which we believe will truly revolutionize market data management,” said Stephane Dubois, Founder and CEO of Xignite. “The culmination of over 10 years of nonstop innovation, we have taken the cloud-native architecture that has powered some of world’s most prominent fintechs and scaled it to meet the unique requirements of institutional players that consume huge amounts of data but often have no way of integrating and optimizing it in an efficient and cost-effective way. Firms are no longer required to hitch their wagon to a single provider – instead, they can use a combination of our microservices to secure all the benefits they would get from a rigid legacy offering. We are the only vendor offering a suite of market data management microservices that clients can mix and match to create a comprehensive, infinitely scalable cloud-based solution that meets their exact needs. We firmly believe that offerings like these are the future of market data, and we are thrilled to once again take a leading role in the financial services industry’s continued digital transformation.”

The suite includes seven cloud-native microservices targeted to buy-side, sell-side and fintech firms, as well as exchanges:

  • Xignite Data Lake Microservice is a cloud-native data management and distribution solution that centralizes existing data and enables financial services firms to provide easy access to the data via highly scalable cloud APIs, reducing costs and improving efficiency by eliminating legacy infrastructure.
  • Xignite Optimization Microservice is a cloud-native pricing and reference data cost optimization solution that enables the control of large reference data sets, such as Bloomberg Data License, via intelligent caching, sophisticated entitlements and advanced analytics and reporting.
  • Xignite Entitlements and Usage Microservice is a cloud-native market data access control and reporting solution that enables financial services firms to have complete control and transparency of data consumption and usage, and provides reports of data usage across various data sets, users and applications to ensure vendor compliance.
  • Xignite Reference Microservice is a cloud-native solution that aggregates, normalizes, stores and indexes reference data from multiple vendors across all asset classes into a centralized repository and access layer, enabling centralized access across the entire enterprise and improving data consistency, completeness and timeliness.
  • Xignite Historical Microservice is a cloud-native time-series data management solution that enables financial services firms to capture historical data from different sources and integrate with security master and corporate actions data to provide a fully normalized, stitched and adjusted historical data view via highly scalable cloud APIs.
  • Xignite Real-Time Microservice is a cloud-native real-time data distribution solution that enables financial services firms to distribute real-time data internally and externally via highly scalable and flexible cloud APIs, eliminating on-premise infrastructure.
  • Xignite Fundamentals Microservice is a cloud-native data management solution that enables financial services firms to capture simple or complex time-series data structures associated with an entity such as a regional level security or issuer, and make them available via specialized and highly scalable cloud APIs.

These microservices are already transforming how the industry manages data. NICE Actimize, a leading provider of financial crime management solutions, has replaced its legacy solution with the Xignite Real-Time Microservice to onboard and manage multi-asset class, level 1 and 2 co-located feeds from multiple sources.

The launch of Xignite Enterprise Microservices is the latest highlight in what has been a hugely successful year for the firm. Last month, Xignite received a patent for its alerts technology and the company was named a SIIA CODiE Awards finalist and added to the WealthTech 100 list.

About Xignite
Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

07/08/2020