Drop Technologies is the latest alternative data vendor to collaborate with Exabel. Through this partnership, investors can now access Drop’s card transaction dataset, Drop+, directly on the Exabel platform.
Drop+ offers institutional investors insights into consumer spending patterns in North America through a unique combination of a proprietary zero-party transaction dataset and a third-party panel, sourced exclusively through a partnership with a U.S. financial institution – “Whistler”.
Delivered daily to the Exabel platform, Drop+ also has historical data available through 2016. It is integrated into the Exabel platform alongside fundamental data, enabling investment teams to seamlessly map consumer spending trends to company KPIs. Investors can better analyze card spend alongside web, app & foot traffic (among others), to create high-quality KPI predictions models and monitor fundamental performance trends.
“We are thrilled to partner with Drop and bring their unique Drop+ dataset to the Exabel platform,” said Andreas Aglen, CEO of Exabel. “By integrating Drop’s detailed card transaction data, our clients can gain unparalleled insights into consumer spending behavior, allowing them to make more informed investment decisions. This collaboration further strengthens our commitment to providing cutting-edge data solutions that enable investors to stay ahead of market trends and enhance their investment research with alternative data.”
Tom Zombek, VP Data Partnerships at Drop further added: “The partnership with Exabel highlights Drop’s continued focus on surfacing our growing and proprietary transaction panel across industry-leading platforms. Integrating our low latency products within Exabel provides investors with the ability to analyze Drop’s data alongside complementary alternative datasets. We’re incredibly excited to announce this partnership and are confident that Exabel’s UI will enable investors to more easily extract value from the differentiated consumer spend surfaced by Drop.”
To find out more about Drop’s dataset, click the button below to get in touch.
For further information on Drop visit their website here: https://www.dropforbusiness.com/solutions/drop-plus/
About Exabel
Exabel is an end-to-end platform for the organization, analysis, visualization and transformation of alternative data. The platform is built to enable fundamental investment teams to work with alternative data more effectively by providing the analytical tools for combining foundational, their own and our alternative data partners’ data assets for KPI prediction and fundamental analysis.
About Drop
Drop is a consumer-facing mobile rewards application that’s targeted at Gen-Z and Millennials who actively link their credit/debit accounts in exchange for real-time rewards. The resulting top-of-wallet, proprietary transaction panel has enabled us to roll out two US-focused transaction datasets: Intraday and Drop+.
