Despite the exponential growth of data within fintech, the majority of financial data providers continue to provide inconvenient services, with high licensing fees, slow infrastructure, and difficult onboarding processes. Furthermore, taking a new dataset to production requires high cost commitment and a large lead time, which can be difficult to manage.
Databento aims to democratise the financial industry and transform the way businesses use data platforms. They set themselves apart by eliminating all expensive up-front costs so that businesses only pay for market data as and when they use it. In doing so, they fit any company's budget and needs, no matter the size of the business.
2024's Series A funding round is being used by Databento to fuel its product enhancements such as a data history extension and a new flexible pricing plan. It is also putting the foundations in place to expand its European marketplace share.
Steph
Company Specialist at Welcome to the Jungle