Big xyt, a financial markets AI analytics business, has secured €10 million in funding from European growth investment firm Finch Capital, it revealed on Tuesday.
Financial Markets AI-Analytics Firm big xyt Secures €10 Million Funding
The investment marks big xyt’s first external funding round after a decade of profitable, bootstrapped growth.
The company said in a press release that the funding will be used to accelerate its global expansion into Europe, the US, and APAC, as well as to fuel its product development and team growth.
Big xyt provides data analytics solutions to some of the world’s largest financial institutions, helping them gain deeper insights into complex trading environments, liquidity, and market trends.
The company stated that its highly scalable and flexible technology platform enables clients to analyse vast amounts of trading data in real-time and T+1.
“This investment is testament to big xyt’s strong reputation and commitment to innovation, unrivalled data quality, and exceptional service,” said Robin Mess, CEO of big xyt.
He added: “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.”
Aman Ghei, UK Partner at Finch Capital, added that big xyt’s expertise in automating capital markets data is invaluable as financial institutions face mounting competitive pressures and regulatory demands.
They believe big xyt’s team is uniquely positioned to dominate the market, with “unmatched expertise in financial data analytics, robust tech innovation, and deep industry insights.”
