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Rita Figueiredo

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Rita Figueiredo

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Carbon Arc brings card spend, web traffic, and more into OpenBB

July 23, 2026 — 7 MIN

Carbon Arc brings card spend, web traffic, and more into OpenBB

An analyst running a consumer discretionary book needs to test whether reported sales momentum is showing up in card spend, and whether competitors are diverging. They want the company-level breakdown, the one that tells them whether Target's deteriorating revenue trend is playing out in the actual transaction data, and whether Dollar General is holding up in the same environment or diverging. Getting that signal today involves too many steps.

The data lives in a vendor portal, and exporting it means reformatting it, cleaning it, and doing entity resolution by hand. When the vendor updates its methodology, the old dataset breaks and the analyst is on the phone with a support team trying to figure out what changed and how to pull a consistent series going forward.

There's no good reason this workflow should be that slow. The friction is the cost of how data has traditionally been bought and managed: bulk contracts, opaque methodology updates, and no standard way to compare one data asset with another.

Carbon Arc fixes this by mapping different data assets to the same company identifier, so an analyst can compare card spend, web traffic, app usage, and other signals without manual entity matching. Firms get on-demand access to structured, normalized data assets at the entity level, without the contracts, without the cleanup work, and without the methodology surprises.

And it's now available on the OpenBB App Marketplace.

OpenBB App Marketplace, a curated set of apps built by financial data providers, available directly inside the OpenBB Workspace. Analysts and researchers can find, trial, and connect to any app in a few clicks.

What is Carbon Arc

Carbon Arc is building the infrastructure for the AI economy where composable, queryable, and monetizable primitives can be built and used for inference, agents, and decisions. With their seamless onboarding process, you can get access to 210+ data assets for $20/month within minutes. No lengthy sales cycle or annual contracts.

What holds it together is the ontology layer underneath. Every data asset on the exchange resolves to the same entity identifiers, so credit card spend data for Target and app-install data for a competing retailer share a common key. You can put them on the same chart without building a cross-reference table first. The ontology also handles reinstatement: when Carbon Arc updates how an entity is represented in the data, your historical series carries forward and the framework gets refreshed to the new structure, rather than breaking silently and requiring a repurchase.

Carbon Arc covers over 210 data assets, and every data asset arrives pre-structured with a consistent schema. The time between pulling data and charting it is as short as it should be.

Carbon Arc also runs its own MCP server that can integrate with OpenBB Copilot, which means you can research and analyze Carbon Arc's data through natural language. Ask OpenBB Copilot about credit card spend trends, foot traffic, or any of the 210 data assets Carbon Arc covers, and the data comes back structured and ready for analysis.

Carbon Arc data inside OpenBB

Inside the OpenBB Workspace, Carbon Arc is available through the Carbon Arc Pro Workspace app.

Framework Manager

Once you’ve connected an API, the Framework Manager table shows every framework you've purchased through the Carbon Arc platform or API. It doesn't include frameworks pulled through MCP conversations, those live in the chat itself.

A note on the status column: when Carbon Arc updates an entity representation in its ontology, frameworks that reference the old structure are flagged as needing reinstatement. You see that here, on the row, before your charts break.

Update Framework

When a framework is flagged, the Update Framework widget surfaces it with a one-click reinstatement action. Carbon Arc handles the mapping from old ontology to new and preserves the historical series. Click Reinstate, then refresh the Framework Manager to see the updated status.

Charting Widget

Use the charting widget to visualize your purchased frameworks or connect Carbon Arc's MCP server to OpenBB Copilot and ask, "Can you get me WMT credit card spend for the last two years?" and it returns the full monthly series, formats it into a table, and builds a chart widget on the dashboard from one prompt.

Expand your work within the charting widget. Pull the same series for a second company, ask for both on one chart, and Copilot merges them. If looking to compare growth, ask copilot it to normalize the series so the trends are comparable or rebase the index to whatever date matters for the analysis. Use the chart settings to realize the full toolset and export the data or image for presentations.

If you haven’t connected an API key yet, the first tab gives you a live preview using demo data assets (a credit card spend series and an app-usage series across fictional companies), so you can see what you'd be getting before you buy. You can also browse the Data Library inside the Carbon Arc platform for the full list of available data assets.

Real workflow example: tracking company performance

In March 2026, Quince announced a $500 million Series E at a $10 billion valuation, more than double the $4.5 billion valuation from barely a year earlier. For many, it was quite the surprise to see such a huge valuation for a clothing company.

Through Carbon Arc, users can purchase data assets covering both private and public companies. For Quince, an analyst can purchase a panel credit card spending and website traffic data and bring both into the Carbon Arc app in OpenBB. The data can be viewed as is, or the analyst can ask OpenBB Copilot to combine physical and online spending into a single series and normalize it alongside website traffic.

The result is a clear growth story that had been developing largely behind the scenes. Card spending more than doubled year over year in every quarter from Q1 2025 through Q1 2026, while full-year 2025 spending was roughly twice the prior-year level. Website traffic supported the same story, growing severalfold and reaching record levels during the 2025 holiday season. The traffic surge came first, followed by a sharp increase in spending.

The next question is whether Quince can sustain that pace at its new valuation. Using OpenBB to create a growth-rate chart on card spending, we see it remained up roughly 116% year over year in Q2 2026. However, growth moderated through the quarter and came in slightly below Q1. That is not yet evidence of a meaningful slowdown. Spending is still growing at a triple-digit rate against increasingly difficult comparisons. But it makes the second half of 2026 the next important test of whether Quince is still accelerating or beginning to normalize.

Normalized Credit Card spend and Website Traffic
Monthly YoY% change in Quince’s credit card spend

Get started

  1. Open the OpenBB App Marketplace and connect to the Carbon Arc app
  2. Sign up for an account at CarbonArc.ai and explore the platform to buy frameworks and obtain your API key. Use code OPENBB30 to get your first month free.
  3. Add your API key to the CarbonArc App in OpenBB (if you've purchased one, find it here)
  4. Purchase frameworks on CarbonArc.ai (Builder or API), then return to the Workspace tab where they will appear automatically.
  5. Connect the CarbonArc MCP server to the Workspace for expanded analysis (Name: CarbonArcMCP / Remote MCP Server URL: https://mcp.carbonarc.ai)

Overview

  • What is Carbon Arc
  • Carbon Arc data inside OpenBB
  • Framework Manager
  • Update Framework
  • Charting Widget
  • Real workflow example: tracking company performance
  • Get started

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August 25, 2026

OpenBB belongs to everyone

Didier Lopes

Founder & CEO, OpenBB


TL;DR: We are open-sourcing the entire OpenBB product suite under a permissive open source license

Today is bittersweet.

On December 20, 2020, over the Christmas holidays, I wrote the first lines of Gamestonk Terminal, what would eventually become OpenBB. My flight home to visit my parents had been cancelled because of COVID, so I stayed in London and started building a tool to streamline my own investment research process.

At the time, the idea was simple: individuals (and firms) should be able to own their research platforms. They shouldn't have to adapt their workflows to whatever a data or software vendor decided to build. They should own the entire experience - from the data they connect to, to the interface analysts and PMs use every day, to the APIs, models, skills, tools and AI agents that increasingly form part of the investment process.

Over the last almost six years, OpenBB evolved far beyond anything I imagined when writing those first lines of code. We started as an open-source terminal and went on to build the SDK (now Open Data Platform), the OpenBB Bot, the OpenBB Workspace, the OpenBB Copilot, the Excel Add-in, and an ecosystem of applications created by our team, our partners and the community.

We kept innovating and being at the forefront of what user experience should be. I was prepared to die on the hill that if we were to become the financial infrastructure software for the buy-side and sell-side, then we could not monetize data. Monetizing data would have made us a data vendor. The margins would have been higher, but the incentive would have shifted from offering a better UI/UX to selling more datasets. Selling an infrastructure platform is incredibly challenging, for many reasons. And so we died on that hill. Along the way, we built an incredible community, reached millions of people through our open-source project, worked with some of the largest financial institutions in the world and assembled a team that consistently built far beyond what should have been possible for a company of 10 people. There is a lot to be proud of.

But despite all of that, we couldn't find the product-market fit needed to build a sustainable business around this vision within the time we had.

As a founder, I've always bet the house on the next customer, the next feature or the next launch to change the trajectory of the company. Until even just last weeks, when we announced self-serve Workspace Lite. If we were ever going to close doors, then we never wanted to look back and think "what if".

In hindsight, we could obviously have made different decisions - e.g., surrounding data, or going more vertical with clients and their workflows. But short-term monetization was not something I was prioritizing over where I thought the industry was heading. Ultimately, I wanted us to stand for something.

In the last phase of the company, I explored many paths to give OpenBB a better home. We spoke with larger companies that shared parts of our vision and tried to find a home where the products, and ideally the team behind them, could continue to grow. Ultimately, we weren't able to make that happen.

I left London with my wife to build OpenBB and dedicated almost six years of my life to it. So did the team. We built at the intersection of finance, AI, open source and software infrastructure, often working on problems before they became obvious to the broader market.

Before MCP existed, we had created our own API protocol so agents could interact with the data and analytics widgets in the workspace. In 2023, we built askobb, which let anyone ask investment research questions in natural language that required joining multiple different datasets together.

What this team created deserves to continue existing.

More importantly, I still believe the original vision is inevitable. The future of financial software is not a single platform every firm is forced to use. It is thousands of firms building environments that reflect how they actually work - their own data, internal systems, investment processes, risk models and compliance requirements. Increasingly, their own APIs, MCP servers, models and AI agents too.

If that future is coming, then the technology we built shouldn't disappear simply because we weren't able to commercialize it successfully.

It should become available to everyone.

Today, with the support of the team and OSS Capital, we are committing to releasing the entire OpenBB product suite under a permissive license. This includes OpenBB Workspace, Open Data Platform, OpenBB Copilot and the OpenBB Excel Add-in.

These products represent over 5 years of engineering, millions of dollars invested in R&D and thousands of decisions, experiments and iterations with users. They will become a foundation that individuals, startups, data providers and financial institutions can freely use, modify and build on top of.

We will share more details about the order and timing of each release as we complete that work. In parallel, we will determine the right long-term structure to steward the projects, support contributors and preserve what made OpenBB special in the first place. Existing customers and users of the hosted products will hear from us directly about timelines.

For the partners who built applications for the OpenBB ecosystem, I hope this decision makes your products even more valuable. You already did the work of turning your datasets and analytics into applications that users can interact with. Now, those applications will be able to run inside infrastructure that firms can fully own, extend and customize, while combining them with data and tools from other providers across the ecosystem.

The same applies to the broader community. Developers will be able to use the entire OpenBB stack as a starting point rather than rebuilding the same infrastructure from scratch. Firms will be able to deploy it, adapt it to their requirements and connect it to the systems where their differentiated knowledge already lives.

Over the years, many talented people helped make OpenBB what it is today - employees, contributors, partners. Every one of them left a mark on the product.

But I want to recognize the people who carried OpenBB to the very end. Through the uncertainty and the final stretch, they kept building. They are engineers, product builders, designers and operators who have worked across financial data, AI, developer infrastructure and open source. In alphabetical order, they are:

  • Andrew Kenreich, Head of Product Engineering - LinkedIn
  • Darren Lee, Software Engineer - GitHub, LinkedIn
  • Ihsan Saracgil, CPO - LinkedIn
  • José Donato, Software Engineer - LinkedIn, X, GitHub, Website
  • Juan Alfonso, Software Engineer - GitHub, LinkedIn
  • Minh Hoang, Head of Product - LinkedIn, GitHub
  • Ogonna Nnamani, DevOps - LinkedIn, Medium
  • Rita Figueiredo, Head of Marketing - LinkedIn, Website
  • Rita Soares, Head of Design - LinkedIn, Website
  • Theodore Aptekarev, CTO - LinkedIn, GitHub

To our customers: thank you for trusting a small team with such an ambitious vision.

To our partners: thank you for building alongside us and helping create a more open financial data ecosystem. I hope the next chapter gives you even more freedom to serve your users.

To our investors: thank you for believing in us, including when OpenBB was little more than an idea being built from my living room in London. In particular, I want to thank OSS Capital and Joseph Jacks for supporting this decision and enabling the technology to live beyond the company. Two people I want to name separately: Justin Hoffman and Larry Augustin - working with both of you made me a better founder, but more importantly, a better person.

To every contributor who opened a pull request, reported a bug, wrote documentation, answered a question in Discord, built an integration or simply told someone else about OpenBB: thank you. OpenBB would not have been possible without you.

Finally, to every person who spent part of their career building OpenBB: thank you. We pushed the industry forward and proved that world-class financial infrastructure can be built in the open. The commercial outcome doesn't change the quality of the work.

OpenBB didn't become the company I imagined when I started this journey. But the mission was always larger than the company, and I still believe the ideas behind it are right.

If, ten years from now, firms around the world are using OpenBB as the foundation for software they truly own - connecting their own data, building their own workflows and deploying their own AI agents - then what we built will have achieved something that lasts far beyond us; which was my goal all along: have an impact.

Thank you for one hell of a ride.

Didier Lopes
(LinkedIn, X, GitHub)