With its equity crowdfunding campaign set to close on Seedrs next week, fintech company CityFALCON is nearing 500,000 thanks to 360 investors. The initiative was launched last month, seeking £150,000.
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. The company stated:
“CityFALCON provides personalised financial news by leveraging artificial intelligence, push notifications, and voice technologies. We do NOT create content but focus on user and business experiences using existing content and emerging technologies. Our clients include BNP Paribas, FinTech companies, and retail traders and investors. We have been accelerated by Microsoft and £6bn under management Octopus Investments. We are already revenue generating and are expected to be cash flow positive in the next 18 months.”
It was also revealed that CityFalcon’s web platform, Android and iOS apps, and API for businesses are already and the company stated it is expecting to launch its voice services on Amazon Echo, Google Home, and Microsoft Cortana by this month. Funds from the latest funding round on Seedrs will go towards expansion. The campaign is set to close on August 2nd.
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