Fitch Ventures Provides Series A Funding to Bixby for Platform Expansion -Bixby Research and Analytics Bixby, the premier provider of credit information on private syndicated loan issuers, is happy to announce the completion of a $5.5 million Series A round led by Fitch Ventures, the equity investment arm of the Fitch Group, a global leader in financial information services.
In addition, Fitch Solutions, a branch of Fitch Group, and Bixby have formed a strategic alliance. CreditSights, a Fitch Solutions business, has produced numerous breakthrough studies with Bixby on syndicated loan borrowers’ credit patterns through LevFin Insights.
In the coming year, Bixby will use the financing to expand into new product lines, improve platform functionality, and increase its footprint in international markets. The strategic agreement with Fitch Solutions will harness complementary platforms to strengthen its clients’ data, research, and news services.
Many of the world’s largest asset managers and hedge funds are now clients of Bixby. It has grown significantly since its debut, with loan managers looking to Bixby’s revolutionary technology to boost trade velocity, optimize portfolios, and uncover new trading opportunities to gain a competitive advantage.
Bixby Research and Analytics CEO and Founder Brian Conroy stated, I am thrilled to be partnering with Fitch for our next chapter of growth.
Bixby has adopted a client-centric strategy to build its platform from the bottom up from its start, constantly gathering input and enhancing user experience. Bixby’s patented software delivers customers’ news in front of their competition, and its standardized approach to data allows clients to look at more options, faster.
Furthermore, Bixby’s analytics capabilities give market analysis and insights, allowing clients to use data to make better investment decisions.
Bixby Research and Analytics is the most trusted source of credit information on private syndicated loan issuers. Bixby has been offering market-moving news and comprehensive financial data to its clients to drive trade velocity and keep them ahead of the competition since its start.