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CityFalcon

From EverybodyWiki Bios & Wiki






CityFalcon
Private, Limited partnership
ISIN🆔
IndustryTechnology
Founded 📆July 2014
Founder 👔Ruzbeh Bacha
Headquarters 🏙️Level39, One Canada Square, Canary Wharf, ,
Area served 🗺️
Members
Number of employees
🌐 Websitewww.cityfalcon.com
📇 Address
📞 telephone

Cityfalcon (stylized CityFALCON) is a financial news aggregator and recommender engine founded in July 2014 in London, United Kingdom. The company captures financial content from various sources, including regulators, news publications, and Twitter, and then it processes the text using machine learning and natural language processing.[1][2] Twitter’s inclusion raises the credibility and relevancy of information via the peer trust effect and crowd curation.[3]

CityFALCON’s founding was motivated by a lack of organized information, rated for relevancy, and provided to retail consumers (institutional services have existed for decades). Before the first funding round, the founder had already developed a minimum viable product.[4] The technology and market niche has been made possible by the wave of the last decade in hardware commodification, advances of machine learning and AI, and the proliferation of cloud-based computing.

Similar to other fintech companies, CityFALCON is aimed primarily at retail users and SMEs,[5][6] and it maintains a web-based platform, voice-based technology,[7] and an API service. In 2019 about 25% of users visited from the United States, 10% each from the UK and India, and 7% from China.

As of November 2019, the company had raised roughly 1.8 million GBP through three crowdfunding rounds and private investment,[8][9][10][11] quickly exceeding its goals and demonstrating public interest.[12] The company employs 40 people across 3 offices in London (Global HQ), Malta (EU HQ), and Ukraine. Their team has participated in various accelerators, including Microsoft Ventures,[13] Octopus Labs,[14] and Kickstarter Accelerator,[15] and have won awards and recognition from Twitter,[16] Seedrs,[17] UBS,[18] IBM, and NTT Data.[19]

Re]]ferences[edit]

  1. "Curating financial and business news using NLP to benefit the masses". Amazon Web Services. June 14, 2018.
  2. "LFP124 – The Reality of Being an Entrepreneur w/Ruzbeh Bacha CEO CityFalcon | London Fintech Podcast". londonfintechpodcast.com.
  3. Sethna, Zubin; Blythe, Jim (August 22, 2016). Consumer Behaviour. SAGE. ISBN 9781473987258 – via Google Books. Search this book on
  4. "How coding helped CityFALCON founder make alterations and pivot the business quickly and easily - Real Business". October 28, 2015.
  5. "Evarvest Partners with CityFALCON to Deliver the Personalised News Section within its App". Fintech Finance. June 10, 2019.
  6. "Who is CityFALCON & Why have we partnered with them?".
  7. Kushmaro, Philip; Ambassador, ContributorDigital Marketing (November 6, 2017). "5 Tech Tools That Deliver a More Personalized News Experience". HuffPost.
  8. "CityFALCON smashes through crowdfunding target | FinTech Global".
  9. "CityFALCON". www.seedrs.com.
  10. "CityFALCON". www.seedrs.com.
  11. "CityFALCON". www.seedrs.com.
  12. Hobey, Erin (January 3, 2019). "CityFALCON Soars Past Initial Seedrs' Equity Crowdfunding Goal". Crowdfund Insider.
  13. "'The Pitch': 9 Amazing Startups Graduate from the London Accelerator | Blog | Microsoft for Startups". startups.microsoft.com.
  14. Hurst, Samantha (February 10, 2017). "Octopus Labs Celebrates Accelerator Program's Five Fintech Startups". Crowdfund Insider.
  15. "Alumni".
  16. "Our #TwitterHatch winners". blog.twitter.com.
  17. Alois, J. D. (September 20, 2019). "Seedrs Holds Inaugural Alumni Awards". Crowdfund Insider.
  18. "Regional Finalists". UBS Future of Finance Challenge 2015.
  19. "London(United Kingdom)|CONTEST OVERVIEW|Open Innovation Contest|NTT DATA". Global Open Innovation Business Contest|NTT DATA.

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