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BITA raises EUR6m in Series A funding


Index innovator BITA has received EUR6 million of Series A funding by ETFS Capital. The firm writes that the investment allows BITA to accelerate its technology rollout, add new functionalities to its all-in-one indexing platform and expand its business activity further across Europe and North America.

The passive investment ecosystem is undergoing a major transformation, the firm says. “As more money flows from active into passive management, the investment products and platforms of today require smart customisation and innovative approaches on the provision of investment exposures. With large index providers dominating the benchmarking space, but lacking flexibility and speed, there is a big gap to be filled by new players with the ability to integrate technology and index expertise to deliver client-centric solutions.

“Clients are demanding a renewed approach to indexing which goes beyond just supplying index expertise or IP licensing, it must deliver a true end-to-end technology solution. Across index design, back testing, customisation, administration and governance through to calculation, the technology has to be seamless, enable greater flexibility, and innovate the way providers and clients’ work together. BITA’s comprehensive technology does just that and with their customer-focused approach and flexible pricing, makes them the challenger to watch in the index space.”

Victor Hugo Gomez, CEO and Co-founder, BITA says: “At BITA, we have set ourselves the ambitious mission of providing the “rails and roads” where investment customisation will run. From indexing platforms and solutions, to portfolio customisation APIs, our infrastructure will enable us, as well as our clients, to build innovative products which are better suited to the opportunities and challenges ahead. Our clients select us as their partner of choice because of our passionate commitment to their success. Thanks to ETFS Capital’s support we can now accelerate our growth and shake up the industry with our unique approach.” 

Martyn James, Managing Director, ETFS Capital says: “We are constantly asked about who can
challenge the big index providers’ dominance. Our investment shows that we believe it is BITA, with
their tech-first approach.” He goes on to say: “Index expertise alone is not enough. What is needed
for ‘scaled disruption’ is the provision of a comprehensive indexing technology solution, which has
not been available to date.”

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