Just a little over six months after securing more than £205,000 on Seedrs, London-based fintech startup CityFALCON has returned to the equity crowdfunding platform. The company, which was seeking to raise 150,000, has already achieved its initial funding target and is now nearing £185,000 thanks to nearly 100 investors.
As previously reported, CityFALCON has received awards from Twitter, Ontario, UBS, SB. The company stated it on a mission to redefine how financial news is sourced, curated, distributed, and consumed by rating the content using its CityFalcon Score feature. It 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 company stated:
“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.”
It was also revealed:
“Our web platform, Android and iOS apps, and API for businesses are already live. Voice is one of the hottest new trends in tech, and we are hoping to take the first mover advantage. We are expecting to launch our voice services on Amazon Echo, Google Home, and Microsoft Cortana by July 2017.”
Funds from the latest funding round on Seedrs will go towards expansion. It is set to close later this summer.
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