SnapTrade Company Research Report

Company Overview

• Name: SnapTrade

• Mission: No information is available

• Founded: No information is available

• Founders: No information is available

• Key People:

• Mauro Ferrante: Group Product Manager, Simply Wall Street

• Max Nicholson: Founder, Blossom

• Saad Malik: CEO and Co-Founder, Zoya

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• What is the company known for: SnapTrade provides a seamless connection between various brokerage accounts and applications for syncing, trading, and data aggregation purposes.

Products

Product Offering

• Account Syncing and Trading Integration

• High-level Description: SnapTrade offers a platform that connects over 20 top retail brokerages globally, enabling users to sync accounts and perform trading activities directly from within their applications.

• Key Features:

• >95% connection success rates and long-lived connections

• Access to user balances, holdings, orders, and transaction data

• Trading capabilities for stocks, ETFs, crypto, and options

• API supports portfolio analysis, dividend tracking, performance monitoring, and investment tax reporting

• Portfolio Analysis and Tracking

• High-level Description: Enables faster user onboarding and portfolio maintenance through automated data updates.

• Key Features:

• Portfolio Scoring and Dividend Tracking

• Portfolio Performance Monitoring

• Investment Tax Reporting

• Unified security tickers, currencies, and exchanges

• Holdings Validation and Portfolio Sharing

• High-level Description: Offers real-time holdings validation and secure portfolio sharing tools.

• Key Features:

• Live Portfolio Sharing and External Monitoring

• Unified holdings data and Historical transactions

• Open and recently filled orders

• Embedded Trading

• High-level Description: Provides trading execution within user applications while leveraging existing brokerage accounts.

• Key Features:

• Placing stock, ETF, crypto, and options trades

• Market and Limit order types

• High connectivity rates

Recent Developments

Recent Updates and Launches

• New Products Launched: No information is available

• New Features Added: No detailed information on specific features mentioned

• New Partnerships:

• Official integration with E*TRADE launched as of April 22nd, 2024

• Collaboration with Delta for portfolio tracker enhancement on April 29th, 2024

• Partnership with Ziggma allowing users to track wealth on a single platform as of April 8th, 2024

• Implementation for dividend income tracking with The Dividend Tracker tool as of March 25th, 2024

• Advancements:

• Focus on persistent connections enhancing user experiences as of February 20th, 2024

• Expansion towards embedded finance as a future investment strategy outlined on February 8th, 2024

Integration and Pricing

• Brokerage Integrations: Over 20 integrations including major platforms like Binance, Coinbase, Charles Schwab, and more.

• Pricing Plans:

• Free Plan: Limited to 25 brokerage connections; read-only data access

• Pay-as-you-go Plan: Unlimited API requests; $1.50 per connected user per month

• Custom Plan: Starting at $500/month; includes 500 connections, real-time data, premium support, and trading API access

In conclusion, SnapTrade provides robust tools and integrations for financial data management, trading functionalities, and portfolio analysis across various financial platforms. They continuously enhance their product offerings through strategic partnerships and advanced integration capabilities across the globe.