Chicago, IL (PRWEB) August 02, 2016
Peeptrade, an award-winning financial information platform, today announced it has been accepted to take part in the FinTech Sandbox program, a non-profit initiative that provides fintech startups with free access to financial data and accelerates their business growth. The announcement follows a rigorous application and interview process aimed at identifying high-performing fintech startups.
Juan Mendoza, founder and CEO of Peeptrade, said being accepted into the FinTech Sandbox program is evidence of the company’s innovative proposition and will drive value for customers and investors.
“We are very pleased to be included in FinTech Sandbox. We will gain access to a wider array of financial data and resources, which will add to the richness of information on our unique platform. We look forward to collaborating and sharing knowledge with other program participants,” Mendoza said. “In essence, we now get to ‘peep’ into other companies to learn and grow our own.”
As a resident of the six-month program, Peeptrade will gain access to a robust set of data feeds and APIs from a range of leading data providers such as Morningstar, cloud hosting from industry-leading infrastructure partners, demo days and presentation opportunities and networking events, while also being afforded the opportunity to share its knowledge with fellow members of the fintech ecosystem.
FinTech Sandbox Executive Director Jean Donnelly said Peeptrade is an excellent addition to the exclusive roster of companies in the non-profit program.
“We warmly welcome Peeptrade to FinTech Sandbox and look forward to its leadership team making significant contributions to our community of fintech entrepreneurs,” Donnelly said.
Peeptrade is the first Chicago-based fintech company to be accepted into the program following the announcement of a formal partnership between FinTech Sandbox and fellow non-profit FinTEx Chicago, which seeks to develop opportunities specifically for the Chicago fintech community.
“The fintech communities of New York and the San Francisco Bay Area are already well established, but we believe there is great opportunity for Chicago to be a world-leading fintech center. Starting with Peeptrade’s acceptance into the Sandbox, we look forward to showcasing the innovation in financial services coming out of Chicago,” said FinTEx co-founder Lisa Curran.
Fellow Chicago-based FinTech Sandbox member Barchart also welcomed the addition of Peeptrade to the initiative, with CEO Mark Haraburda saying he is looking forward to working alongside a fellow investment information innovator.
“The FinTech Sandbox experience has been invaluable for us in helping to refine our products and services and learn from some of the best in the industry. We are glad that Peeptrade will now be part of the initiative and look forward to what they bring to the cooperative,” Haraburda said.
Peeptrade launched to the public in March following a successful invite-only beta testing and development phase.
Peeptrade is an award-winning financial information and social networking platform that allows people to “peep” into the success of top traders, giving investors a transparent and competitive edge.
Peeptrade brings the industry up to speed with current trends by utilizing proprietary technology that collects, compares and verifies portfolios before adding them to the platform. It displays securities in an easy-to-understand portfolio concept, along with reliable risk and performance indicators. The platform also provides real-time information and news and opens direct communication with experienced investors called “Gurus”. It opens up a new and potentially lucrative revenue stream for investors of all strategies and styles, allowing them to grant access to their personal portfolio to users for a subscription fee of their choosing.
The company was the recipient of the Web Summit Angel’s Choice Award and was previously named ‘Austin Startup of the Year’ by Tech.co.