Private equity firm iTech Capital has invested $3m in TradingView, a social fintech platform that unites traders and investors from around the world.
iTech Capital, who will take a minority stake in TradingView, led the Series A round, which amounted to $3.6m alongside other seed investors and angels.
TradingView provides an online platform where thousands of amateur and professional investors and traders share insights and ideas in real-time.
The site currently features over 500,000 monthly active users from 100 countries, and since launching in 2012, has experienced 10% month-on-month organic growth in unique users.
Gleb Davidyuk, managing partner of iTech Capital, said: “TradingView is a unique player in the fintech sector with a powerful mix of user generated charts and investment insights from its community, which helps its large user base to make informative investment decisions.
“Since its inception, the business model has successfully demonstrated continuous monthly growth in user acquisition and revenues.”
Davidyuk and iTech’s portfolio manager, Alex Telnov will both join the TradingView board as executive directors.
Along with the management team, their focus will be to identify and execute on future growth opportunities, enhance marketing efforts and build a corporate culture.
Stan Bokov, co-founder and COO of TradingView, said: “TradingView is doing in the financial industry what the first iPhone did to old phones.
“If you are a trader or investor, you’ll just ‘get it’. It’s a completely new way to visualise financial data and analyse it. It doesn’t matter if you are on a phone, tablet, PC, Mac or any other device – it’ll just work.”
TradingView will use the platform to develop and launch new services, including localisation, as well as expanding their sales and marketing efforts to enhance customer acquisition activities and implement new data feeds.