SnapTrade Analysis
What is SnapTrade?
SnapTrade provides a developer API that connects brokerage and crypto accounts for live account data and trading. The platform supports normalized balances, holdings, orders, transactions, webhooks, SDKs, and brokerage authentication. LinkedIn lists the company as founded in 2022, based in Fredericton, New Brunswick, with 2 to 10 employees.
Location
649 Queen St, Fredericton, New Brunswick E3B 1C3, Canada
Employees
11-50
Founded
2017
Business Model
Subscription-based model with revenue from brokerage integrations and transaction fees.
Product Features & Capabilities
- Account syncing, trading integration, portfolio analysis and tracking, holdings validation, portfolio sharing, embedded trading, access to over 125 million accounts, high connection success rates, automated trading, market and limit orders.
Pricing
-
Free Plan
- Read-only Daily Data (Positions, Orders, Transactions, Balances)
- Limited Supported Brokerages
- 5 Brokerage Connections
-
Pay as you go Plan
- Unlimited API Requests and Brokerage Connections
- $1.50 / Connected User / Month
- $0.05 / Manual Data Refresh Sync
- Read-only Daily Data (Positions, Orders, Transactions, Balances)
- Reach out for Trading API Access
-
Custom Plan
- Monthly Platform Fee
- Access to all Supported Brokerages
- Trading API Access
- Real-time Holdings Data
- Volume-based Discounts
- Dedicated Customer Success Manager
- Premium Support (Slack channel and QA testing)
- Integration Support
- Feature Requests and Beta Access
Market Focus
SnapTrade primarily focuses on the financial technology (fintech) industry, specifically enabling account syncing and trading functionalities for applications that connect to major retail brokerages globally.
Investors
- Y Combinator
- Citi Ventures
- East Valley Ventures
- Mistral Venture Partners
- New Brunswick Innovation Foundation
- Uncorrelated Ventures
- Valar Ventures
Competitors Overview
SnapTrade operates in the financial technology sector, specifically focusing on account syncing and trading for retail brokerages. Its main competitors include:
-
Plaid: While both SnapTrade and Plaid offer APIs for financial data management, SnapTrade specializes in retail brokerage account aggregation and trading, making it more suitable for developers building trading tools. Plaid, on the other hand, provides a broader API that connects various financial services, including bank accounts and credit cards. SnapTrade's advantages include its focused support for brokerage accounts and the ability to execute trades directly through its platform.
-
Flanks: Based in Barcelona, Flanks offers financial data aggregation services, similar to SnapTrade, but may focus on different market segments or geographic areas.
-
Vezgo: Operating out of Toronto, Vezgo provides API solutions for cryptocurrency and financial data aggregation, which may appeal to a different audience compared to SnapTrade's focus on traditional brokerage accounts.
-
Finicity: This company, based in Salt Lake City, specializes in financial data aggregation and insights, catering to various financial institutions and applications.
-
Iyzico: A competitor based in Istanbul, Turkey, Iyzico focuses on payment solutions and may differ significantly in its service offerings compared to SnapTrade.
-
Wealthica: Based in Montreal, Canada, Wealthica provides portfolio tracking and financial data aggregation services, targeting users interested in managing their investments.
These competitors vary in their specific offerings, market focus, and geographic presence, which can influence their strategies and customer bases.
See something that needs updating? Suggest edits to this profile.