Alternative Data for Investment Professionals

Uncharted markets.
Unpriced alpha.

HoReCa, proximity retail and local services are the fastest-growing segments, and the ones no one was measuring. Billsight gives you daily receipt-level transaction data from 180,000+ locations: not estimates, not card aggregates. Monitor revenue proxies, detect inflections early, and validate theses before consensus catches up.

No MNPI Risk
GDPR & CCPA Compliant
25+ Countries

Trusted by institutional investors worldwide

Hedge Funds
Asset Managers
Private Equity Firms
Investment Research Teams
NESN94.12+1.44%
PG164.57+0.54%
UL51.20-0.60%
KO62.44+0.35%
DEO128.30-0.85%
HENKY82.75+0.79%
BUD58.90+0.75%
PEP173.88-0.32%
DAN61.14+0.46%
CPR8.42-0.94%
MDLZ67.30+1.37%
CL95.60+0.35%
NESN94.12+1.44%
PG164.57+0.54%
UL51.20-0.60%
KO62.44+0.35%
DEO128.30-0.85%
HENKY82.75+0.79%
BUD58.90+0.75%
PEP173.88-0.32%
DAN61.14+0.46%
CPR8.42-0.94%
MDLZ67.30+1.37%
CL95.60+0.35%

Transaction intelligence

Revenue proxy monitoring

Track consumption trends as a leading indicator of company revenue performance, before official reports are published.

Consumption Index vs. Reported Revenue
Sample ticker · Indexed · 4 quarters
r = 0.91
13012011010090Q1Q2Q3Q4
Reported Revenue
Billsight Index
Avg. correlation
0.87+
vs. reported revenue
Hit rate
83%
Directional signals
Historical data
3+y
For backtesting
Coverage
25+
Countries
Sector momentum
Beverages
+5.2%
Personal Care
+3.8%
Snacks & Confectionery
+2.1%
Dairy & Fresh
-1.4%
Household Products
-3.6%

Most alternative data providers rely on e-commerce or card-level aggregates. Billsight goes deeper, delivering receipt-level transaction data from HoReCa, proximity retail, and local services: fast-growing segments that account for a disproportionate share of consumer spending, yet have remained structurally invisible to traditional providers.

Our methodology aggregates, normalises, and enriches these signals daily, producing a revenue proxy index that correlates strongly with reported financials, leading consensus by weeks.

Portfolio company tracking
API & data feeds
Opaque markets, made legible
Daily, clean & enriched

What's in the signal

Daily
data refresh
Ingested every 24h
3+ yrs
of history
Ready for backtesting
25+
markets covered
Cross-border view
Signals from 180,000+ points of sale, updated daily, before management guidance and sell-side revisions.

Built on trust

Reliable by design

Receipt-level transaction data, structured for institutional use: compliant, reliable, and delivered on a schedule you can build models around.

Historical data

3+ years of clean, structured transaction history, ready for backtesting across market cycles.

Daily delivery

Receipt-level signals are processed and delivered within 24 hours of collection. T+1 availability, no pipeline gaps, no stale data.

Data processing

Every transaction goes through automated cleaning, category standardization, AI-powered enrichment with geotags and spend metadata, and multi-source aggregation, delivered investment-ready.

Global coverage

A wide coverage for unbiased signals.

Our network spans 25+ countries across Europe, North America, Oceania, and emerging markets, with 180,000+ active locations. The breadth of coverage means no single region dominates the signal, giving you a geographically balanced view of consumer demand that holds up across global portfolios.

Signal quality

How Billsight compares

Traditional research is slow and survey-based. Card data is partial and online-biased. Billsight delivers receipt-level transaction signals from the markets that matter most, updated daily.

Criteria
Traditional
Card data
Billsight
Revenue proxy monitoring
Surveys & panels
Partial, online-biased
Receipt-level transactions
Market scope
Large retailers only
E-commerce & large chains
HoReCa, proximity & local services
Data freshness
30–90 days
3–7 days
<24 hours
MNPI risk
Potential exposure
Potential exposure
No MNPI, alternative data
Coverage
Fragmented
Card-issuer dependent
25+ countries, unified layer

Receipt-level data · Why Billsight

Why leading investors use Billsight

The most valuable market signals come from the segments that are growing fastest and hardest to measure: HoReCa, proximity retail, local services. Billsight is the only source making this data available daily, clean, and investment-ready.

Ahead of consensus

Our receipt-level signals come from markets that move before reported financials catch up. Detect revenue inflections weeks before earnings, and act before consensus reprices.

No MNPI risk

All data is aggregated and anonymized at source. No individual transactions, no material non-public information. Fully compliant with GDPR, CCPA, and institutional investment regulations, cleared for use without legal friction.

Portfolio company tracking

Validate or challenge a thesis before earnings. Monitor the retail footprint of portfolio companies and competitors with daily granularity, across the markets traditional data misses.

Request a trial dataset

We'll send you a sample dataset relevant to your investment focus, no commitment required.