About BestX
BestX is a company based in London (United Kingdom) founded in 2016 was acquired by State Street in August 2018.. The company has 13 employees as of December 31, 2021. BestX offers products and services including BestX Analytics, FX Analytics, Fixed Income Analytics, and Equities Analytics. BestX operates in a competitive market with competitors including Siege FX, Touchfx and Cost Basis App, among others.
- Headquarter London, United Kingdom
- Employees 13 as on 31 Dec, 2021
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bestx Ltd
- Date of Incorporation 26 Jan, 2016
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$12.8 M37as on Dec 31, 2020
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Net Profit
$-493.18 K-363as on Dec 31, 2020
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
13
as on Dec 31, 2021
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Acquired by
State Street
(Aug 17, 2018)
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Products & Services of BestX
BestX offers a comprehensive portfolio of products and services, including BestX Analytics, FX Analytics, Fixed Income Analytics, and Equities Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for transaction cost analysis and best execution.
Analytics for foreign exchange transaction monitoring.
Platform for analyzing fixed income transaction costs.
Services for equities best execution tracking.
Funding Insights of BestX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BestX
BestX has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include State Street. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial services are provided to asset managers worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BestX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BestX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bestx Comparisons
Competitors of BestX
BestX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Siege FX, Touchfx and Cost Basis App, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides forex netting solutions for institutional traders.
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| domain | founded_year | HQ Location |
Offers professional landscaping, hardscaping, tree removal, and lawn care in South Jersey.
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| domain | founded_year | HQ Location |
App calculates investment cost basis, profit, loss, and tracks strategies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bestx
Frequently Asked Questions about BestX
When was BestX founded?
BestX was founded in 2016.
Where is BestX located?
BestX is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does BestX have?
As of Dec 31, 2021, the latest employee count at BestX is 13.
What is the annual revenue of BestX?
Annual revenue of BestX is $12.8M as on Dec 31, 2020.
What does BestX do?
BestX was founded in 2016 in London, United Kingdom, as a provider of software solutions in the forex trading sector. Technology is offered to compare and evaluate the quality of trade executions, supporting best execution outcomes for clients such as asset managers, banks, non-bank liquidity providers, and market data platforms. A flat fee structure is utilized, with independence maintained from execution venues.
Who are the top competitors of BestX?
BestX's top competitors include Siege FX, Touchfx and Cost Basis App.
What products or services does BestX offer?
BestX offers BestX Analytics, FX Analytics, Fixed Income Analytics, and Equities Analytics.
Who are BestX's investors?
BestX has 1 investor. Key investors include State Street.
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