The startup offers a fixed-income data platform that enhances transparency and accessibility in financial markets through features like bond reference data, pricing, and post-trade information. This platform enables investment firms, asset managers, and brokers to efficiently track transaction activity and streamline data licensing with flexible schemas and rapid data cycles.
Funding
$460K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutional investors, fintechs, and service providers face challenges in efficiently accessing and integrating comprehensive, high-quality fixed-income data, including reference data, pricing, and post-trade information. Traditional data sources often have restrictive licensing, complex integration processes, and high costs, hindering research, analytics, and product development. Extracting structured data from fixed income prospectuses, disclosures, and reports is a manual, time-consuming process.
Solution
Terrapin provides a modern fixed-income data platform delivering reference and pricing data on government, corporate, and municipal bonds through a simple API. The platform offers transparent licensing, fair pricing, and customer support via a dedicated Slack channel. Terrapin's API provides data in JSON or CSV formats, along with modern documentation and Jupyter notebooks for data exploration. In addition to its data feeds, Terrapin offers a document extraction service that uses specialized models to automatically convert complex fixed income documents into structured databases.
Target Audience
The primary target audience includes institutional investors, asset managers, hedge funds, and fintechs who require comprehensive and easily accessible fixed-income data for research, analytics, and product development.
Features
- API access to reference data, end-of-day pricing, and yields for over 35,000 government and corporate bonds.
- Comprehensive data on 900,000+ US municipal bonds, including call schedules, cash flows, and tax status.
- Document extraction service to automatically convert prospectuses and reports into structured databases.
- Simple licensing that allows sharing data with teams and clients.
- Data delivery in JSON or CSV formats.
- Modern API documentation and Jupyter notebooks for data exploration.
- Dedicated Slack channel for customer support.