BOSTON, MA and NEW YORK, NY (PRWEB) September 07, 2016
FinTech Sandbox startups looking to test new retail trading capabilities or demonstrate their ability to seamlessly integrate with retail brokerage accounts will now have access to TradeIt’s APIs and SDKs. These tools connect popular financial mobile apps with retail brokerage accounts and each other.
For technology entrepreneurs in financial services, accessing infrastructure can often be prohibitively expensive and complicated. FinTech Sandbox helps startups by offering free access to the data and infrastructure they need by aligning with industry-leading companies like TradeIt, thereby opening the door for advancement and innovation. Sandbox residents in return are expected to collaborate with each other, sharing learnings and advancements that benefit the FinTech ecosystem as a whole. There are no fees to participants and no equity is taken.
Jean Donnelly, executive director of FinTech Sandbox, said: “Our relationship with TradeIt will help us to assist startups in refining and testing their products and services. TradeIt is ideal for Sandbox residents who are working to make mobile trading faster, safer and more secure, or who are bringing institutional-level technology and capabilities to retail investors.”
Based in New York City, TradeIt is focused on providing next generation retail investor tools and services to a growing network of mobile app companies, publishers, and advertisers. TradeIt's signature product is a patent pending set of APIs and SDKs that enable users to place securities orders on any app, ad unit, or publisher's site from their existing brokerage accounts. In January of 2016, TradeIt introduced Portfolio View, a set of APIs that integrates real-time account information to any app or website. TradeIt is backed by Valar Ventures and Citi Ventures, and won the Global Citi Mobile Challenge for the Most Innovative Trading Solution in 2015.
"As the turn-key, broker-agnostic solution for all FinTech companies, TradeIt is excited to partner with FinTech Sandbox to provide our portfolio management and order management solution to help early-stage startups in the investing space thrive," said Nathan Richardson, Founder and CEO of TradeIt.
TradeIt is a technology that lets app developers, publishers and ETF issuers integrate any major US retail broker’s functionality on any app, website or platform to enable secure trading, account management and account opening. TradeIt was developed by venture-backed, award-winning technology company, Trading Ticket, Inc., which creates technology and tools to make investing fast, easy and safe for all retail investors. Founded in 2014, the company’s products span across account opening, funding, order management and communication. Lead investors include Valar Ventures and Citi Ventures. For more information or for a demo of how TradeIt works, please visit http://www.trade.it.
About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit founded to promote financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and startups. Sponsors include Fidelity Investments, F-Prime Capital, Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel, SIX Financial Information, Goodwin Procter, and .406 Ventures. For more information, please visit http://www.FinTechSandbox.org and https://twitter.com/FinTechSandbox.
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