ChartIQ Gets $4m Funding Round From Illuminate Financial
- US-based HTML5 Charting developer gets Series A funding from UK-based FinTech fund operated by Illuminate Financial
One of the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term investors that Finance Magnates wrote about last year, Illuminate Financial Management LLP, a venture capital firm based in the UK, has just led a series A round of funding for $4 million into US-based ChartIQ, with participation from Tribeca Angels, ValueStream, and other angel investors, according to an official press release. The investment was made using funding from the company's fund backed by Deutsche Borse and other funders.
The Virginia-based company already has over 100 firms that license its ChartIQ trading technology and said the new infusion will help it meet the needs of its growing global clientele, including its expansion efforts after setting up a new office in New York and London.
Board Role
One of Illuminate Financial's partners, Mark Whitcroft, joins ChartIQ's board where the company will have a seat. This is in line with its thesis of being active investors in its portfolio companies, where it will be helping actively in the next stages of ChartIQ's growth.
This active role the company will have will help align its own FinTech expertise with ChartIQ's business, and as the firm advises its other portfolio companies in related segments of finance, it will provide more than just funding as part of the deal.
Chart IQ CEO Dan Schleifer said in the joint press release: “It was critical that we found a venture partner that shared our vision for the future of capital markets technology. Illuminate’s focus on Fintech and deep experience in capital markets is the perfect fit.”
Commenting in the official press release, Josh Elwell of ValueStream, one of the existing investors in ChartIQ and current board member, said: “ChartIQ has a world-class team and product. We are excited to continue our support.”
HTML5 need for speed
One of the reasons that HTML5 is becoming adopted at a higher rate appears to be the responsiveness and performance when compared for example to flash-based platforms and related web-based products.
ChartIQ provides a charting library, webtrader for MT4, widgets, and web-based trading systems, among other solutions that Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term HTML5 in an effort to deliver faster performance and help improve client's trading experience - as users become more sensitive to even sub-second delays in page loading and refresh rates.
3rd Party Developers
Some of the interesting products include ChartIQ's trading systems tool which helps traders backtest their trading against historical data to simulate how a trading strategy would have fared over time. The company clearly has significant expertise in this space, and a proven business model that necessitated the funding, as a third party developer.
With regard to the importance of speed for UI/UX related customer experience, this trend of "responsiveness importance" across online products appears to be one of the driving themes behind the funding and a trend that should persist into future product creations, and across trading platforms, as new programming scripts and language evolves with the aim of speed and scalability in mind. And, is one that investors are currently betting on HTML5 to lead.
One of the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term investors that Finance Magnates wrote about last year, Illuminate Financial Management LLP, a venture capital firm based in the UK, has just led a series A round of funding for $4 million into US-based ChartIQ, with participation from Tribeca Angels, ValueStream, and other angel investors, according to an official press release. The investment was made using funding from the company's fund backed by Deutsche Borse and other funders.
The Virginia-based company already has over 100 firms that license its ChartIQ trading technology and said the new infusion will help it meet the needs of its growing global clientele, including its expansion efforts after setting up a new office in New York and London.
Board Role
One of Illuminate Financial's partners, Mark Whitcroft, joins ChartIQ's board where the company will have a seat. This is in line with its thesis of being active investors in its portfolio companies, where it will be helping actively in the next stages of ChartIQ's growth.
This active role the company will have will help align its own FinTech expertise with ChartIQ's business, and as the firm advises its other portfolio companies in related segments of finance, it will provide more than just funding as part of the deal.
Chart IQ CEO Dan Schleifer said in the joint press release: “It was critical that we found a venture partner that shared our vision for the future of capital markets technology. Illuminate’s focus on Fintech and deep experience in capital markets is the perfect fit.”
Commenting in the official press release, Josh Elwell of ValueStream, one of the existing investors in ChartIQ and current board member, said: “ChartIQ has a world-class team and product. We are excited to continue our support.”
HTML5 need for speed
One of the reasons that HTML5 is becoming adopted at a higher rate appears to be the responsiveness and performance when compared for example to flash-based platforms and related web-based products.
ChartIQ provides a charting library, webtrader for MT4, widgets, and web-based trading systems, among other solutions that Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term HTML5 in an effort to deliver faster performance and help improve client's trading experience - as users become more sensitive to even sub-second delays in page loading and refresh rates.
3rd Party Developers
Some of the interesting products include ChartIQ's trading systems tool which helps traders backtest their trading against historical data to simulate how a trading strategy would have fared over time. The company clearly has significant expertise in this space, and a proven business model that necessitated the funding, as a third party developer.
With regard to the importance of speed for UI/UX related customer experience, this trend of "responsiveness importance" across online products appears to be one of the driving themes behind the funding and a trend that should persist into future product creations, and across trading platforms, as new programming scripts and language evolves with the aim of speed and scalability in mind. And, is one that investors are currently betting on HTML5 to lead.