In this case study, we show how fintech Tykr from the USA has expanded its asset universe and, thanks to the Bavest API, only needs a single interface instead of using multiple API providers.
Tykr is an equity research platform that makes it surprisingly easy to find undervalued stocks. The platform analyses the fair value of over 60,000 shares and highlights those that are “on offer” for investors according to the special Tykr scoring system. Tykr can be described as the “duolingo for investments” as it also follows an educational approach. At the same time, however, it is also suitable for professional investors, as Tykr provides comprehensive and in-depth financial data.
Tykr can serve as an ideal starting point for finding stocks that are worth more detailed fundamental analysis. It is also a great tool for introducing beginners to valuing companies and finding undervalued stocks.
For fintech Tykr, it was a top priority to expand both the number of stocks on the platform and the variety of asset classes. With over 10,000 users worldwide, who form an international user base, comprehensive global data coverage was crucial. Another important aspect of the collaboration with Bavest was the flexible API solution, which made it possible to tailor tailor-made API packages to Tykr's specific requirements using the modular principle. Thanks to easy licensing from Bavest, Tykr can now concentrate on its core tasks and scaling the business, while Bavest provides a reliable and stable data infrastructure in the background. By switching from multiple providers to Bavest, Tykr benefits from a “single API solution” that delivers all required data via a single interface. As a result, Tykr not only saves 60% of costs, but can also save over 40% of development time.
With Bavest, Tykr is expanding its equity universe from 30,000 to over 60,000 shares and now offers comprehensive global data coverage. Thanks to our complete data infrastructure, Tykr can focus on developing the user interface and integrating innovative features. With our financial data and the Tykr scoring system, users can analyse stocks in a well-founded manner. In addition, Tykr provides a variety of tools that provide an overview of the financial situation of listed companies. For future features on the Tykr roadmap, the company is also relying on Bavest's quantitative portfolio analysis.
Tykr uses automated analysis to determine the fair value of more than 30,000 U.S. and international stocks. Based on the fair value and current price of a share, Tykr calculates the so-called “Margin of Safety.”
If a stock has a margin of safety of 50% or more — meaning that the share price is less than half of its fair value — Tykr marks it as “on offer.” Stocks with a lower margin of safety are rated “watch,” while stocks whose price is above the estimated fair value are rated as “overvalued.” To use Tykr, you don't have to understand how to calculate the fair value. However, the platform provides a very clear explanation of the formula used to calculate fair value. Tykr's fair value is essentially based on annual earnings per share (EPS) growth and not share price growth, as the share price can fluctuate due to news and other factors. Tykr then projects the share price 10 years into the future.
It is extremely refreshing to see Tykr transparently explain the fair value calculation. Many other automated analysis tools simply provide a number without explaining how it came about.
“Data is the new oil” — this can also be observed in the financial world. From classic financial data to alternative data such as ESG and climate data or sentiment data — all of this data is the engine of the digital, sustainable financial world. Bavest provides exactly that via a single interface for asset managers, banks and fintechs. For fintechs in particular, a breadth of data is very important - thanks to our single API solution, fintechs have no additional costs in development - an API enables more efficiency, speed and clean code in their own system.
Data
With Bavest, you can integrate real-time data for over 70,000 stocks, ETFs, indices and other assets. Fintechs access financial data, fundamentals, charts, revenue breakdowns, and more to make your product even better.
Alternative data
With alternative data such as ESG, sentiment or climate data, you can make your fintech even more transparent and complex. In this way, you can offer your users even more tools and data and increase the added value of your products.
Analytics
We provide the infrastructure for portfolio analysis for your users and provide tools such as screeners. This allows you to focus on new features and your UX while we deliver data and analysis in the background.
Whether you're an asset manager, a fintech company, or an innovative bank, the seamless integration of our comprehensive data solution opens the way for even greater success. Contact us today and arrange a demo: Let yourself be convinced of the possibilities of our platform and find out how we can optimally support your individual requirements.
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