Canada-based Docoh, which offers research on public companies and stocks, has closed a £345,000 seed round.
Capital will be used to support its position in the market and develop new tools to better help users.
The company was launched in 2019 and collates information and data from various sources including public findings, patent applications, industry regulators and press releases. It claims users can search, analyse and compare millions of SEC filings and companies, which are updated in real-time.
By using Docoh, investors can improve their insights and knowledge of the market. Its user base includes retail investors, accountants, lawyers, recruiters, corporations, software companies and journalists.
Docoh CTO and co-founder Richard Robinson said, “We couldn’t have wished for a better group of investors, whose network and knowledge of the software and finance industries gives us a huge advantage. Everyone’s excited about the potential to disrupt a closed, confusing and costly industry, and level the playing field by finally giving the 99% access to the same information that the 1% has always locked away.”
Fellow Canadian FinTech Flinks recently closed its Series A round on $16m. The company claims to be a n‘open banking enabler’, helping to connect around 200 FinTechs and banks across Canada, US and Europe to more than 250 million Canadian financial accounts.
FinTech funding in Canada nearly reached $1.5bn during 2019 and became a record year of investment for the country, FinTech Global data shows.
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