Update: CityFALCON Selected to Join Octopus Labs’ Fintech Accelerator As Seedrs Initiative Nears £150,000 Funding Target

Following the launch of its equity crowdfunding campaign on Seedrs, London startup CityFALCON has been selected to join Octopus Labs’ Fintech Accelerator program. As previously reported, CityFACLON has received awards from Twitter, Ontario, UBS, SB. The company stated it is redefining how financial news is sourced, curated, distributed, and consumed by rating the content using its CityFalcon Score feature.

CityFALCON explained 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.

Sharing details about the company’s acceptance into Octopus’ program, Seedrs tweeted on Thursday:

Great news for funding startup @CityFalcon & #SeedrsAlumni @advicefront – congrats guys! CapitalAtRiskhttps://t.co/us5X65XzE5

— Seedrs (@Seedrs) September 29, 2016

Ruzbeh Bacha, Founder of CityFALCON stated:

“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.”

Aggelos Mouzakitis, Octopus Labs accelerator’s program director added:

“Whittling the hopefuls down to our final five was no easy task, but I’m thrilled with the cohort that we’ll be welcoming to Octopus over the next few weeks. The quality of their ideas, and the potential they hold, is truly impressive.”

Octopus Labs revealed that over 80 applications were received to join the program. and the companies will be showcased at a Demo Day in January 2017. The other startups joining CityFalcon in the program are MOOLA, Squirrel, Freetrade, and AdviceFront. Meanwhile, CityFALCON’s Seedrs campaign has successfully secured over £100,000 so far. It is set to close at the beginning of November.