Bita, enterprise-grade indexes, data and infrastructure

BITA has recently raised €1.25 million. We talk with its founders.

PetaCrunch: How would you describe BITA in a single tweet?

BITA: BITA provides its clients with the most advanced infrastructure to run index and passive investing in house!

PC: How did it all start and why?

BITA: Having accumulated experience both as consumers of financial indexes (buy-side) and providers of financial indexes (sell-side), the founding team was very clear that there is a massive growth opportunity for the overall passive investment sector — fueled by mediocre performance of active funds, as well as an industry shift into cost-efficient investment solutions — but the industry has not innovated in terms of technology delivery and business models over the last 30 years. BITA was created to increase efficiency and flexibility by allowing clients to run complete index operations in-house, by leveraging our technology.

PC: What have you achieved so far?

BITA: At BITA, we pride ourselves on an innovative software for financial indexation and systematic investing, designed to outperform other existing solutions in terms of flexibility and speed. Since launching our real-time calculation system in October 2018, BITA has been growing at an accelerated pace and already counts some of the largest trading platforms in the world as clients, such as Plus500 and IG.

We have also captured attention globally, having participated in events and programs such as Money 20/20 or Startupbootcamp, giving us the chance to network and form opportunities with fellow entrepreneurs, investors, to jointly reshape the investment industry. After having completed a funding round, BITA is also currently enlarging the team, as adding valuable people to our team will increase our innovation speed and will keep us providing real-time solutions to our clients.

PC: How will you use your recent funding round?

BITA: With this funding, we will be in a good position to accelerate our technology roadmap and expand our sales internationally. 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.

PC: What do you plan to achieve in the next 2–3 years?

BITA: BITA’s open infrastructure is composed of two main Index Systems: BITA ACE (BITA’s real time and high-performance index calculation engine) and BITACORE (a flexible fully fledged platform for design and implementation of indexed and systematic strategies). Over the next months we will be adding critical functionality to our systems and rolling them over in several international markets. We are also already working on a series of technology and data products to keep disrupting the institutional investment industry.