CityFALCON, a London, UK and Malta based fintech startup, closed an equity fundraising campaign of £1.65m ($2m).
The Holt Xchange, a global early-stage VC firm and platform in Canada, and Terance Butler Holdings (TBH), a property investment company in the UK, have both taken stakes, along with serial entrepreneurs, and eToro, the social investing network with over 27 million registered users globally. Now, overall, CityFALCON boasts 2300 existing investors, with 1200 coming on in this round, including new and repeat investors.
The campaign, conducted on Seedrs, will allow the company to scale up the business and bring new products to market.
Led by Ruzbeh Bacha, CEO, CityFALCON uses AI and Big Data to personalise content feeds from thousands of financial sources with one paid subscription. Clients receive curated content, analytics, and insights via web, mobile, and API.