Frankfurt-based fintech BITA provides advanced technology infrastructure for the design, development, calculation and dissemination of financial indexes and quantitative investment strategies. The startup’s software addresses one of the fastest growing segments in finance: index-based investing.
One of Germany’s fastest growing fintech companies, BITA has raised €1.25 million from a group of local and international investors to accelerate sales and invest in R&D. The funding came from the newly founded German VC fund Futury Ventures, Dutch VC fund Volta Ventures, and Belgian investor Michel Akkermans.
“With this funding, we will be in a good position to accelerate our technology roadmap and expand our sales internationally,” said Victor Gomez, CEO of BITA and ex-SVP of Ventures at Deutsche Börse. “We deliberately chose these investors as our partners as their experienced team, high level of expertise, and vast network convinced us from the very beginning.”
BITA launched its real-time calculation system in October 2018 and already counts some of the largest trading platforms in the world as clients. BITA will use the funding to accelerate sales in Europe and make further investments in technology and data management.
“BITA has made a lasting impression within our international network. The technology and applications of BITA face an enormous customer potential worldwide – we are looking forward to working with the outstanding team,” said Benjamin Krahmer and Michael Singer at Futury Ventures.
“BITA’s products have the potential to make a significant piece of the financial system more flexible, and they have an impressive team to make it happen,” said Sander Vonk, Partner at Volta Ventures.