StockTwits, , the New York-based social trading network which operates a Twitter-like service for traders and investors, has just completed an acquisition of SparkFin Inc., the developer of a mobile stock discovery and sharing platform.
SparkFin is a San Diego, California based fintech company that created the first natively mobile stock discovery platform to instantly create, share, and find stock ideas. According to a statement, the firm will continue its operations and join the pre-existing StockTwits San Diego team.
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With about 1.5 million monthly active users, StockTwits hopes that onboarding SparkFin to its platform, which provides real-time sentiment of the stock market, can enhance the offering and allow them continue to provide value to investment firms which pay to leverage StockTwits’ API.
Ian Rosen, CEO of StockTwits, Inc., commented: “StockTwits is the largest social platform for investors and traders, and we are growing rapidly as more people take investing into their own hands. Much like our launch of Moneybadger.com late last year, SparkFin makes it easier for newer investors to get started in markets and investing. The addition of SparkFin is an excellent way for us to further our mission of making investing easy, fun, and profitable.”
Jason Pang, CEO of SparkFin, added: “We have seen very strong growth since launching last year. Would-be investors who want to use SparkFin lists to get a jumpstart picking a portfolio will have a wider community with which to interact at StockTwits, and experienced investors can generate new ideas with the data.”