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FinTech Studios raises USD1m seed investment from KEC Ventures

FinTech Studios, a 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, has raised USD1 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 USD1.5 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 analyses 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,” says 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,” says Jim Tousignant, founder and CEO of FinTech Studios.

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