TipRanks, the TelAviv based fintech startup with a financial accountability platform that ranks financial advice to assess its accuracy and offers financial analytics services, raised a $77 million Series B funding round led by technology company Prytek and More Investment House.
Founded in 2012 by Gilad Gat and Uri Gruenbaum, TipRanks has developed a stock research platform that makes alternative databases available to retail traders. It uses natural language processing to analyze the performance of the professional analysts for its services.
“In addition to being the only company that ranks analysts based on their performance rather than the prestige of the bank they work for, we are the only company that makes aggregated analyst ratings available to retail investors,” TipRanks Co-Founder and CEO, Uri Gruenbaum, said.
