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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

Each year, Bobsguide asks the market to vote for fintech companies they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. Xignite is proud to be listed as the "Best API Management" vendor on the Bobsguide 2020 Rankings.


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01/26/2021

Web services data provider Xignite captured the AFTAs judges’ attention on the infrastructure front with its release of Xignite Enterprise Microservices in July 2020, a suite of cloud-based microservices for data management, storage and distribution in the cloud, designed to help financial firms migrate from monolithic legacy data architectures to more agile and less expensive cloud services and data sources.

Requires subscription to read the article on WatersTechnology

01/25/2021

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”

Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

01/12/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today announced that its Market Data Management-as-a-Service solution has been named “Best New Technology Introduced over the last 12 months – Infrastructure” at the 2020 WatersTechnology American Financial Technology Awards (AFTAs). Selected by the editors of WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

Xignite’s Market Data Management-as-a-Service (MDMaaS) solution enables buy- and sell-side firms to centralize the management of vendor data feeds into their own cloud environment. The solution is built around the cloud microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Xignite’s technology platform has been the backbone of the company’s Data-as-a-Service business, daily supporting 12 billion API requests of financial data for their 700 fintech and financial services clients. Now Xignite is leveraging this battle-tested cloud-native data management architecture to offer buy- and sell-side firms a market data vendor agnostic offering, with connectors available for firms to load data they license from Bloomberg, Refinitiv, ICE and numerous other providers.

The MDMaaS solution includes a suite of loosely-coupled modules that enable market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance.

The functionality is delivered via microservices, an architectural approach in which core functionality is handled by loosely coupled, independently deployable modules that can work together or separately. Microservices architecture stands in stark contrast with monolithic platforms that require expensive on-premise technology – that is especially hard to maintain in the context of a pandemic.

The MDMaaS microservice-delivered modules introduced in 2020 include:

Xignite Entitlements and Usage - Manage the entitlement of vendor data to users and applications to ensure compliance and eliminate excess spend.

Xignite Optimization - Streamline data consumption to avoid duplicated vendor requests, leverage cached bulk data and get recommendations to reduce data costs.

Xignite Data Lake - Centralize, catalog and connect data shapes to enable frictionless integration by consumers via unified cloud APIs.

Xignite Reference - Aggregate, normalize, store and index vendor reference data to centralize enterprise-wide access.

Xignite Historical - Provide centralized access to normalized, stitched and adjusted historical data via cloud APIs.

Xignite Real-Time - Distribute real-time vendor data via cloud APIs, eliminating on-premise infrastructure.

Xignite Fundamentals - Make simple and complex time-series data structures available via cloud APIs.

“Xignite has pioneered market data in the cloud for more than 10 years now, so we are very excited to announce – and be recognized for – our Market Data Management-as-a-Service solution,” said Stephane Dubois, CEO, and founder of Xignite. “The pandemic has reinforced the need for financial services firms to migrate to the cloud as a means of navigating disruption and enabling scalability, among other benefits. We are proud to spearhead that effort and help the industry modernize its approach to financial and market data.”

About Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data via its Data-as-a-Service and Market Data Management-as-a-Service solutions. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

01/06/2021