Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/the-open-source-debt-nobody-in-finance-wants-to-talk-about.
Finance relies heavily on open-source software, but many critical projects remain underfunded. Gecko Fund is putting €1 million into sustaining fintech infra.
Check more stories related to undefined at: https://hackernoon.com/c/undefined. You can also check exclusive content about #open-source-funding-fintech, #gecko-fund-exante, #open-source-infrastructure, #fintech-software-supply-chain, #open-source-financial-security, #open-source-maintainer-funding, #software-financial-services, #good-company, and more.

This story was written by: @sanya_kapoor. Learn more about this writer by checking @sanya_kapoor's about page, and for more stories, please visit hackernoon.com.

Financial institutions depend heavily on open-source software, yet many of the libraries and frameworks underpinning trading, risk, data processing, and fintech infrastructure receive little or no funding from the companies using them. EXANTE's €1 million Gecko Fund aims to address that gap by supporting existing open-source projects with grants ranging from €10,000 to €150,000. Its first grant went to Kryo, a Java serialization framework maintained by two people since 2009.