FinTech Studios, a cloud platform dedicated to AI-based financial information, fintech apps, and big-data analytic products, announced on Thursday it secured raised $1 million during a Series Seed funding round led by KEC Ventures.
Founded in 2014 byJim Tousignant, FinTech Studios states its cloud technology leverages machine learning, artificial intelligence, and natural language processing technology. It automates the real-time intelligent discovery and analysis of relevant business and financial content from millions of websites, blogs, news, research, government, and online sources. The company’s platform also operates in Amazon’s AWS cloud and APOLLO.ai.
While sharing details about the investment, Jeff Parkinson, Managing Director of KEC Ventures, stated:
“KEC Ventures is excited to be partnering with the FinTech Studios team and looks forward to helping the company leverage it’s growing customer base and world-class AI technology, content and data analytics platform.”
“This investment by KEC Ventures will allow us to ramp up our sales efforts in the United States and Europe and expand our product and engineering teams.”
FinTech Studios added that Parkinson will be joining its board of directors.