Historically, financial organizations have watched forlornly throughout the entrance window whilst startups have followed new and funky equipment like Slack, Twitter, and Convo. Now they may be able to sign up for within the amusing with one thing referred to as Echofin.
You can consider the product as a kind of hyper-powered Slack for financial teams. Users can message every different and examine portfolios and funding information and small teams can get in combination and create paid rooms for sharing proprietary or vital buying and selling recommendation.
“Traders need to communicate and exchange ideas, discuss the market, get educated, post signals and share their thoughts on trading positions,” stated co-founder Kris Leonidou. “300 million retail traders use whatever is available: irrelevant and incoherent solutions since there was no right tool for them.”
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“Any team owner in Echofin can set up public or pay-to-access rooms, define billing plans and make them available to their users. Users pay directly within the chatrooms and instantly unlock access to the premium rooms. And that’s how we make our money: 10% on each transaction through the platform. Creating a team is totally free.”
Private groups prices $12 a month in keeping with person.
They’ve raised a seed spherical and began out in 2013 after they introduced at TechCrunch Disrupt. Their new model is running on developing logo new tactics for investors and fanatics to glue on-line.