FinTech Studios™, the leading AI-based intelligent search and analytics platform for Wall Street, today announced that it raised $5.1 million in capital from LightChain LLC, Cultivation Capital, KEC Ventures, Six Thirty, and other investors, bringing total capital raised to date to more than $7 million.
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, achieved a market cap of $1.5 billion and was acquired by Reuters.
"This investment by LightChain, Cultivation Capital, KEC Ventures and SixThirty allows us to extend our leading AI-based market and regulatory intelligence platform, accelerate our revenues and expand our sales, product and engineering teams" said Jim Tousignant, founder and CEO of FinTech Studios.
"We are excited to be partnering with Jim and the FinTech Studios team. Jim brings a proven track record in delivering world class technology to financial services companies," said Rodger Riney from Lightchain, LLC.