FinChat, a Toronto, Canada-based investment research platform for global equities, has raised $1.5 million in seed funding.
SaaS Investors
The investment was from Social Leverage.
Founded in 2008, Social Leverage is a venture capital firm based in Scottsdale, Arizona. It specializes in early-stage and seed-stage investments in the software, consumer, and fintech industries.
FinChat Use of Funds
The company will use the recent funding to further develop the platform and expand its market presence.
About FinChat
Founded by Dennis, Ryan White, Adrian Iwanicki, and Kevin Bojan, FinChat is an investment research analytics platform that utilizes generative artificial intelligence (AI) to assist in researching publicly traded companies. The platform provides a subscription-based public equity research service for retail investors and professional portfolio managers. Additionally, FinChat sells an API for trading platforms and investment firms seeking to integrate AI chat experiences for customers or employees.
Funding Details
Company: Stratosphere Technology Inc.
Raised: $1.5M
Round: Seed Round
Funding Month: December 2023
Lead Investors: Social Leverage
Additional Investors:
Company Website: https://finchat.io/
Software Category: Investment Research Analytics
Source: https://betakit.com/finchat-secures-1-5-million-usd-from-social-leverage-to-expand-ai-powered-stock-research-platform/