Everybody loves a good success story. Just 7 short months ago, we told you about a young startup co-founded by Nigerian Gregory Ugwi, and Justin Zhen. With their startup, Thinknum, they had developed a unique web platform that would allows traders and financial professionals analyze financial data on the web. The title of our November article was “Nigerian Tech Entrepreneur takes on the world of Financial Data”, and it looks like this startup is on track to do just that! Thinknum recently announced that they have raised $1,000,000 in seed funding from Pejman Mar Ventures. Other parties involved in the funding round included 500 startups, 645 Ventures, Signature Capital, Green Visor Capital and HKB Capital.
Since the last time we spoke about Thinknum, the big boys in Americas business and media community have profiled them. We are talking about powerhouses like Forbes, TechCrunch, CFA Institute and Barron…..not too shabby!! The company has also vastly improved the Platform since November.
This was the platform in 2013……………….
……..and here it is 7 months later!
In addition to the GUI change, the company has evolved additional services. They now offer an institutional subscription service ($200/month) for people that would like to keep their models private. The service allows subscribers to mark any model they create as private, but also offers subscribers the opportunity to share these models with anybody they choose.
With this recent funding round, Thinknum is primed for a meteoric rise in the extremely lucrative Financial Data sector and as the first movers in this niche space they have a great advantage. I wonder what the next 7 months will look like? Only time will tell, but stay tuned to Smile and Mobile……..we will let you know 🙂