Our mission is to help address the high cost and inaccessibility of data that early-stage fintech entrepreneurs need to build new products. These products often wouldn’t and couldn’t be built but for access to this data. We are grateful to our 40+ Data Partners who have been so helpful and generous, enabling us to support more than 450 fintech startups and counting.
We’d like to expand our data offerings to support our Data Access Residency founders. Here are four additional types of data we think will be useful in building the next wave of fintech startups. (This post is second in a series. The first is here.)
High Quality, Granular, Digital Asset Data
Digital asset data is not yet as standardized and consistent as traditional capital markets data, and sources are fragmented. Entrepreneurs will need aggregated, trading, order book, and derivatives data from both blockchains and exchanges to inform analytics and insights, regulatory compliance, risk mitigation, and more.
Embedded Finance Datasets
We’d like to be able to offer data generated from payments, savings or lending by individuals or businesses using non-traditional financial technology platforms for their banking needs. These fintech platforms partner with FDIC-insured banks but are not banks themselves.
Synthetic Data from Digital Twins
We’re observing the development of digital twins for everything from smart cities to power production to individuals. Synthetic data generated from digital twins mirror the statistical properties and behaviors of their real-world counterparts but can fill gaps while protecting privacy. Regtech entrepreneurs might be able to use this data to test ways of combating fraudulent activity and predicting illicit money movement.
Vertical Financial Datasets
Small business financial data segmented by industry vertical. Fintech startups targeting specific business verticals will differentiate from horizontally focused foundation models by leveraging deep domain knowledge of workflow, integrations, and more by following a path from vertical payments to industry platforms.
If your company has this data, and you would like to see how talented fintech entrepreneurs might use it, we’d like to talk to you. In fact, if you have any sort of new, unique, or different datasets, and you’re willing to help us fulfill our mission, please reach out!
If you’d like to see what six startups that have recently taken part in our Data Access Residency have accomplished using datasets provided by our partners, a recording of Demo Day12 is available here.
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