July 17, 2015
The Facebook of financial charts, social platform, TradingView that lets traders and investors share their insights and ideas has raised $3.6 million in a Series A funding round that was led by private equity fund focussed on growth investments in digital economy businesses, iTech Capital. Launched in 2012, TradingView is a web-based charting service with historical and real-time Bitcoin data from major World exchanges. iTech which pumped in $3million of the round, will be given two seats on TradingView’s board, which will be filled by Gleb Davidyuk and Alex Telnov.
The site was created by trading software company MultiCharts, a company that lives and breathes charts and graphs. On TradingView, users can join a community of traders and discuss about stock market issues, ideas and also share tips. The site showcases real time charts that feature trends in various global markets. A user is given access to view chart pages to see detailed data along with comments posted by other users. In addition to discussion forums, the site offers financial charts with data that are used by over 4000 financial portals and websites, including Investopedia, InstaForex and DailyFX. The live activity feed that is presented on the homepages lets users what’s happening in real time. It also awards a user virtual street cred, when they post a new chart and the chart’s rating adds to their overall rating on the site. Right now the platform boasts of over 500, 000 monthly active users spanning 100 countries. TradingView currently is free to use for both amateur and professional investors.
The new funds will be used by TradingView to implement newer features like localisation as well as bolster sales and marketing efforts. According to TradingView’s COO, Stan Bokov, the platform is poised to do what iPhone did to old mobile sets. An already trader or investor will be seamlessly integrated into the platform’s social life that is aiming to offer a new way to visualise financial data and analyse it.
Among features that TradingView offers its users is easy installation and setup, where all one needs is a user login, to use these charts with desktop application quality on any number of corporate computers. Accessibility and cross-platform support which basically means it can work on any operating system, computer and modern browsers. There’s also the power of scalability and cloud and custom content which lets users customise interface. Also, not to forget tough security and backup, a must for financial data stored on servers and cloud platforms.