FinTech Studios, a leading NYC-based FinTech software company, has acquired iUbble Inc., a FinTech software startup created 2 years ago by students and faculty at the Stevens Institute of Technology, a private research university in Hoboken, N.J.
FinTech Studios develops and markets a cloud-based platform of curated, disruptive FinTech apps and big-data financial analytic products in partnership with leading FinTech startups, financial institutions, data providers and strategic partners. FinTech Studios was founded in 2014 by Jim Tousignant, the Company’s CEO, who previously was co-founder and President of Multex, a leading online financial information platform that went public in 1999 and achieved a market cap of $1.5 billion.
iUbble was started in 2014 by Kevin Barresi, a graduate school computer engineering student at Stevens Institute of Technology, and Dr. Mukund Iyengar, an assistant professor of computer engineering. iUbble initially developed an advanced web browser and messenger app for web and mobile devices, but pivoted after partnering with FinTech Studios, which became an investor and business partner and worked closely with iUbble’s founders to develop a disruptive new technology called Apollo. As part of the transaction, Kevin Barresi will become the Chief Technology Officer (CTO) of FinTech Studios.
iUbble and FinTech Studios co-developed Apollo, a revolutionary, cloud-based “big-data” investment news, research and analytics platform designed for investors, portfolio managers, research analysts, hedge funds, banks, brokerage firms, RIA’s, financial advisory firms, private equity firms, venture capital firms, family offices, media companies and corporations.
Apollo uses proprietary machine learning and natural language processing technology to intelligently search through millions of news, financial data, research and blog sites and intelligently “discover” and SmartTag highly relevant, actionable information and financial data. Apollo dynamically links any entity (company, person, place, topic) detected in any story with other relevant entities, financial information, apps, data and related links. Apollo integrates with email, CRM and compliant social media tools to easily share relevant, impactful insight.
FinTech Studios and Stevens Institute of Technology have been working together since 2014 to empower entrepreneurs to develop disruptive technology and businesses that will transform the Financial Services industry. The partnership between FinTech Studios and Stevens Institute of Technology aims to support and accelerate the launch of next generation financial technology products and big-data analytics, enabling entrepreneurs to drive a new era of financial services innovation. Students, faculty and alumni of Stevens Institute of Technology, known for its programs in computer science and financial analytics, are encouraged to innovate and start companies.
“FinTech Studios was started by successful FinTech entrepreneurs, and we understand firsthand the challenges that startups and early stage companies face when building a new FinTech company,” said Jim Tousignant, founder and CEO of FinTech Studios. “We partner and invest in creative, driven entrepreneurs like Kevin Barresi and in emerging growth companies like iUbble that want to transform the FinTech software and data industry.”