One of the fastest-growing financial technology platforms, TIFIN announced today that it has acquired SharingAlpha, a community of more than 15,000 analysts and professional fund investors, to expand the company’s presence in global markets.
TIFIN is using innovative technologies like artificial intelligence to facilitate participants in the financial ecosystem. Founded in 2018, TIFIN delivers personalized investor experiences. The acquisition of SharingAlpha will help the fintech firm in the expansion of its presence across the United Kingdom and Western Europe.
The details shared by TIFIN show that SharingAlpha will be completely integrated into the Magnifi platform of the company. Moreover, Oren Kaplan, the Co-Founder of SharingAlpha, will join Magnifi as a Partner.
“Being able to now offer Magnifi’s investment intelligence and capabilities to non-US investors is definitely an important step in our evolution,” said Dr. Vinay Nair, the Founder, and CEO of TIFIN. “We are also excited about adding the unique community features developed by SharingAlpha which will enhance our offering to professional investors internationally.”
The latest announcement from TIFIN came almost 2 months after the company secured $109 million in its Series D funding round. The investment round witnessed participation from Frankil Resources and Motive Partners.
Growth
Founded by Oren and Yuval Kaplan almost six years ago, SharingAlpha has gained popularity in the global professional fund management industry in the past few years. Oren Kaplan, the Co-Founder and CEO of SharingAlpha, highlighted the rising popularity of digital tools in the global fintech space.
“I am looking forward to working with Magnifi’s team in expanding its reach internationally and in growing the community of professional investors even further. We will continue to be committed to building innovative and useful digital tools for global investors,” he said.
In the first week of July 2022, GoCardless, one of the prominent names in direct bank payments, announced its plan to acquire Nordigen.
