RapidRatings built a business by asking private suppliers for the one thing risk databases rarely possess: their actual financial statements. Now it is trying to pair that deep view with coverage broad enough for the whole supply chain.
The company started with a crisis-era survey, a clumsy name and a report priced far too cheaply. Its evolution into a 12-million-company intelligence system offers a sharp lesson in turning free insight into expensive software.
Nasdaq Private Market (NPM) is an independent, New York-based financial technology and broker-dealer company that runs a marketplace for trading shares of private, pre-IPO companies. Through its SecondMarket platform, NPM helps startups, employees, shareholders, and institutional investors find liquidity before an exit - via tender offers, auctions, block trades, and custom company marketplaces - while bringing price discovery, data, and settlement infrastructure to a notoriously opaque corner of finance.