Tradefeedr, a data science firm based in the UK, has raised $3mn.
In Brief:
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The funding was led by IPGL, owned by FinTech investor and entrepreneur Lord Micheal Spencer.
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Seth Johnson, former CEO of NEX Markets, also contributed and is now Chairman.
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Tradefeedr helps companies (including Goldman Sachs) analyse foreign exchange trading data.
What does this mean?
Tradefeedr’s API aims to provide more transparency in financial markets and help companies make better decisions when it comes to ForEx trading. The $3mn will finance growth and development of the business.
