Update: Fintech Startup CityFALCON Secures £265,000 Through Second Equity Crowdfunding Campaign on Seedrs
Summary
London-based fintech startup CityFALCON has successfully secured more than £265,000 from nearly 200 investors through its second equity crowdfunding campaign on Seedrs. The company stated it on a mission to redefine how financial news is sourced, curated, distributed, and consumed by rating the content using its CityFalcon Score feature. The company stated: “CityFALCON provides personalised financial news by leveraging artificial intelligence, push notifications, and voice technologies. We are already revenue generating and are expected to be cash flow positive in the next 18 months.” CityFALCON helps retail investors by doing the following: “We believe that the traditional financial news feeds and systems are expensive, based on slower technologies, have a steep learning curve, rely on manual curation in contact centres, and cover limited social media activity. E.g. to our knowledge none of the services can today give you top stories for your portfolio over the last day, week or month.” It was also revealed that CityFalcon’s web platform, Android and iOS apps, and API for businesses are already and the company stated it is expecting to launch its voice services on Amazon Echo, Google Home, and Microsoft Cortana by this month.
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