big xyt has secured a €10 million capital injection from European growth investment firm Finch Capital, representing the first round of external funding.
Robin Mess
Commenting on the investment round, Robin Mess, chief executive of big xyt, said: “This investment is testament to big xyt’s strong reputation and commitment to innovation, unrivalled data quality, and exceptional service.
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 to navigate regulatory pressures and stay competitive in increasingly complex financial markets.”
The investment is earmarked to facilitate big xyt’s global expansion across Europe, the US, and APAC, as well as enhancing its product development.
The firm added that the capital will “strengthen our position as an independent leader in AI-based data analytics for financial markets for some of the world’s leading financial institutions”.
Earlier this week, big xyt claimed the award for Outstanding Market Data Services Provider – Equities at The TRADE’s coveted Leaders in Trading awards.
Aman Ghei, UK partner at Finch Capital said: “big xyt’s expertise in automating capital markets data is crucial as financial institutions face mounting competitive pressures and regulatory demands.
“[…] 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.”