FinTech Sandbox

FinTech founders share a common problem: many financial products simply cannot be built without access to expensive or proprietary data. Nor is it easy to work with financial data. Developers have steep learning curves when dealing with new data types, data providers, and financial protocols. In a world where time is the scarcest resource, struggling to access that data can impede progress just as founders are starting to build new products and services.

Our partner David Jegen saw this over and over and set out to address the problem. Along with  John Fawcett (Founder of Quantopian) and Sarah Biller (Founder of Capital Markets Exchange), David started FinTech Sandbox and persuaded leading data providers to share their data for free with FinTech founders during their early development phases.

FinTech Sandbox is a Boston-based nonprofit backed by some of the world’s leading financial institutions, data providers, and venture capitalists. It assembles data in one place and streamlines the licensing process to make it available quickly and freely. FinTech Sandbox also gives the FinTech community a forum to share experiences, battle scars, and encouragement with each other to build great products.

FinTech Sandbox Successes

In its first three years, FinTech Sandbox has helped more than 150 startups access data to build their product and services, while also gaining valuable customer input from a great group of financial sponsors and 35 enterprise data partners like Thomson Reuters, Amazon, Intel, State Street,Moody’s and Fidelity Investments.

FinTech Sandbox startups have raised over $400 million dollars and had seven exits including Kensho, who was part of the inaugural program and an F-Prime portfolio company. Over 4,000 people have joined the FinTech Sandbox community. We hope you will as well. F-Prime is proud to be a co-founder, board member, and the biggest cheerleader of the FinTech Sandbox.