Net is an existential problem to both those companies right now because we’re a small start-up Money.net, the startup which bills itself as "The Complete Financial Platform" with "all the market information and tools that you'd find on the Bloomberg Terminal for a flat $95 a month" is being coined a Bloomberg challenger by others. Launched in 2Q 2014 the platform now has thousands of paying customers, including all of the major banks in the US, hedge funds, asset managers as well as organisations such as business schools that would be unlikely to subscribe to Bloomberg or Reuters. The company claims it will provide "access to real-time data from over 100 financial institutions around the world", but this may not include every institution - some are likely to have their own proprietary systems built into Last month, as reported in our briefings, Money.net was understood to be competing with Symphony to hire Bloomberg news veteran, Kevin Reynolds.
Money.net, the startup which bills itself as "The Complete Financial Platform" with "all the market information and tools that you'd find on the Bloomberg Terminal for a flat $95 a month" is being coined a Bloomberg challenger by others. Launched in 2Q 2014 the platform now has thousands of paying customers, including all of the major banks in the US, hedge funds, asset managers as well as organisations such as business schools that would be unlikely to subscribe to Bloomberg or Reuters. The company claims it will provide "access to real-time data from over 100 financial institutions around the world", but this may not include every institution - some are likely to have their own proprietary systems built into Last month, as reported in our briefings, Money.net was understood to be competing with Symphony to hire Bloomberg news veteran, Kevin Reynolds.