Visible Alpha, a NYC-based investment research technology firm, received an investment from HSBC (LON: HSBA; NYSE: HSBC; HK:0005).
This follows a $38m round announced in early 2018 with participation from new investors Goldman Sachs, Banco Santander, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, as well as additional investment from founding investors Bank of America, Citi, Jefferies, Morgan Stanley and UBS.
In addition to investing in the company, HSBC will be adding its research analyst models to the Visible Alpha Insights platform and contributing to Visible Alpha Consensus Data.
The company intends to use the funds to continue to grow its business reach.
Led by Scott Rosen, CEO, Visible Alpha provides investment research solutions and tools for discovery, analysis and valuation to clients involved in meeting the research valuation and budgeting requirements of MiFID II. More than 450 research providers are now actively participating on the platform, along with over 100 buy-side firms with a combined AUM of $16 trillion.
Visible Alpha has more than 400 employees globally.
FinSMEs
23/03/2018