BITA partners with AltFi to launch a global fintech index.

Frankfurt – 2 October 2023: BITA is proud to announce its collaboration with AltFi in launching an index dedicated to tracking the performance of publicly listed fintech firms.

The AltFi Fintech Index, which monitors around 60 'pure play' fintech entities, offers real-time updates, ensuring a comprehensive and up-to-date overview of the fintech public market landscape.

• This initiative positions AltFi as the pioneer among specialist financial publishers to introduce a dedicated fintech industry benchmark.
• The AltFi Fintech Index's performance in 2023 has been commendable. The index has returned 14.3% so far this year versus 10.7% for the MSCI World, as at 29 September.

Victor Hugo Gomez, CEO of Bita, said:

"We are happy to collaborate with AltFi, a leading Fintech media, in the design, calculation, and launch of 'The AltFi Fintech Index'. Leveraging both firms research and expertise, the index showcases the growth of global Fintech firms and serves as a benchmark for investors and the industry at large."

Daniel Lanyon, AltFi’s Editorial Director, said:

“The fintech sector is at a pivotal moment of change. Valuations are bouncing back in both public and private markets but only partly owing to an improving macroeconomic picture. Much more interesting is the stellar performance of a number of publicly listed fintech companies such as Nubank demonstrating the explosive power of financial innovation.”

Sam Ridley, AltFi’s Managing Director, said:

“AltFi’s coverage of the fintech sector over the past decade has established the publication as the go-to souce of accurate information and data on this globally important industry. The launch of the AltFi Fintech Index will bring the most definitive benchmark available yet to the fintech ecosystem, bringing clarity to investors and companies. It will help track the performance of listed fintech companies, especially important as the IPO market begins to open in the coming years.”

BITA is a portfolio company of ETFS Capital, an investor in AltFi and ETF Stream.

Read more on Altfi: https://www.altfi.com/article/outperforming-the-s-and-p-500-meet-the-altfi-fintech-index

Read more on ETF Stream: https://www.etfstream.com/articles/altfi-partners-with-bita-to-launch-fintech-index