NEW YORK, July 20, 2017 /PRNewswire/ — FinTech Studios™, the leading cloud platform of AI-based financial information, FinTech apps and big-data analytic products operated in partnership with top FinTech startups, financial institutions, data providers and strategic partners, today announced that it has raised $1 million in Series Seed funding, led by KEC Ventures. Jeff Parkinson, Managing Partner of KEC Ventures, will join the FinTech Studios board of directors.
FinTech Studios was founded in 2014 by Jim Tousignant, the Company’s CEO, who previously was co-founder and President of Multex, a leading online research and financial information platform that went public in 1999 and achieved a market cap of $1.5 billion.
FinTech Studios’ unique cloud technology leverages machine learning, artificial intelligence (AI) and natural language processing (NLP) technology and automates the real-time intelligent discovery and analysis of relevant business and financial content from millions of web sites, blogs, news, research, government and online sources and seamlessly links this information to actionable market data, research, apps and big-data analytics to simplify and enrich information discovery, research, analysis, workflow and collaboration.
FinTech Studios’ AI-based platform operates in Amazon’s AWS cloud and APOLLO.ai™ intelligently discovers and analyzes news, research and market data in real-time from millions of online sources and proprietary databases. FinTech Studios products provide timely and relevant business intelligence and financial insight for investors, financial professionals and business executives and target a growing market of millions of investors, portfolio managers, research analysts, bankers, brokers, traders, financial advisors, RIAs and business executives at banks, brokerage firms, asset management firms, hedge funds, financial advisory firms, private equity and venture capital firms, family offices and public and private companies.
“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,” said Jeff Parkinson, Managing Director of KEC Ventures. “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” said Jim Tousignant, founder and CEO of FinTech Studios.
About KEC Ventures
KEC Ventures is a seed-stage venture capital fund located in New York City. We invest in uniquely talented founders who have the opportunity to transform the markets in which they operate. Our team is intentionally diverse and comprised of individuals who have both deep operating and investment experience. We remove the typical “Partner-first” approach, whereby unlocking the full resources of the fund to each portfolio company.
For more about KEC Ventures and our portfolio, please visit us online at KECVentures.com.
About FinTech Studios
FinTech Studios develops and markets the leading cloud platform of AI-based financial information, FinTech apps and big-data analytic products operated in partnership with top FinTech startups, financial institutions, data providers, and strategic partners. FinTech Studios was founded in 2014 by Jim Tousignant, previously co-founder and President of Multex, a leading online research and financial information platform that went public in 1999 and achieved a market cap of $1.5 billion. FinTech Studios’ AI-based apps, big-data analytics and collaboration tools discover and analyze relevant content from millions of online sources and proprietary databases with powerful AI-based search technology, providing the most timely and relevant market intelligence and insight for investors, financial professionals and business executives.