Company name: TipRanks
Location: Tel Aviv, Israel
FinTech Sector: Financial research
Pitch: TipRanks is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice.
Year formed: 2012
Brief description of the company: TipRanks gives you all the information you need to know to make educated investment decisions. TipRanks is a financial accountability engine that uses machine learning and Natural Language Processing algorithms to measure the performance of anyone giving investment advice online. TipRanks allows you to see the track record and measured performance of any stock analyst, blogger, hedge fund, or corporate insider dating back to January 2009.
1. Tell us a bit about your company and what it does.
TipRanks gives you all the information you need to know to make educated investment decisions. TipRanks ranks all Wall St. analysts, financial bloggers, corporate insiders, and hedge funds based on the profitability of their past calls and transactions. This allows users to complete their due diligence before making an investment by exploring the overall sentiment of these experts.
2. How is it different than other companies in the same space?
While there are several platforms that publish stock ratings by Wall Street analysts, TipRanks is the only company that will tell you how reliable the rating is by calculating how profitable ratings from this analyst have been in the past. TipRanks is the only website that aggregates stock sentiments from analysts, bloggers, hedge funds, and corporate insiders on every stock, painting the whole picture for the investor. Additionally, TipRanks is the only site that can differentiate between informative insider transactions and uninformative transactions.
3. What is your revenue model? How will the company make money?
TipRanks makes money using a freemium platform model and through our API.
4. Who is your target market? How big is the opportunity?
TipRanks’ target market is all individual investors, ranging from novice investors to professional to retirees. Our dozens of features allow users to customize the site to fit their personal investment needs.
5. Why are you and your team capable of succeeding?
TipRanks employees are industry experts, from engineers to quantitative analysts, allowing us to stay on the bleeding edge of technological innovations. Together with strong investments and an active board, TipRanks has everything it needs to succeed.|
6. What is your company’s next target/milestone?
Our next milestone is creating a community of investors who can learn from each other. This community of experienced investors will become the de facto standard for investing.
7. Can you tell us one interesting fact about your company?
TipRanks was conceived when the CEO, Uri Gruenbaum, made a bad investment decision. After following investment advice published online from an expert at a well-known bank, he lost a significant sum of money. When his wife asked why he followed the investment advice to begin with, Uri replied that he thought it would be a good choice because the advice came from a prominent bank. Several years later, TipRanks ensures that nobody will ever make that same mistake.