Less than a month after launching its equity crowdfunding campaign on Seedrs, London-based fintech startup CityFALCON has successfully secured its initial £150,000 funding target from nearly 120 investors.
As previously reported, CityFALCON has received various awards from Twitter, Ontario, UBS, SB, stated it is redefining how financial news is sourced, curated, distributed, and consumed by rating the content using its CityFalcon Score feature. The company explained that while its primary focus is supporting both investors and traders, it also helps retail investors by doing the following:
- Democratizing access to financial news and data.
- Helping average people who are looking to start investing into stock markets with content, events, and solutions.
The CityFALCON team noted:
“We believe that the traditional financial news feeds and systems are expensive, based on slower technologies, have a steep learning curve, rely on manual curation in contact centres, and cover limited social media activity. Moreover, we find that there is a lot of focus on short term algo trading, and there are a plethora of research companies providing long-term reports, but not many solutions are suited for long term investors. E.g. to our knowledge none of the services can today give you top stories for your portfolio over the last day, week or month.”
“Over the last 2 years, we’ve built a news curation technology that can compete with the biggest players in the industry. We are betting big on the InvesTech space, and this opportunity couldn’t have come at a better time for us, as we are currently fundraising on Seedrs. Our solutions are well very suited for thousands of financial advisors and retail consumers that Octopus Investments serves.”
Funds from the campaign will be used for expanding CityFALCON’s team (appoint senior management, developers, and data scientist(s); continue to build its product by adding enterprise features, mobile apps, and more financial assets; and increase marketing and sales efforts.
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