PR96668

LONDON, June 23, 2022 /PRNewswire=KYODO JBN/ --

London and Malta based fintech CityFALCON [ https://www.cityfalcon.com/ ]

closed an equity fundraising campaign [ https://www.seedrs.com/cityfalcon7 ] on

Seedrs of GBP 1.65m ($2m) to scale up the business and bring even more

insightful products to market faster.

On Seedrs, the leading UK private investment platform, CityFALCON has leveraged

individual investors from their growing fanbase and onboarded institutional

investors.

Serial entrepreneurs took part in the round, including one that sold his last

company for GBP 500m.

Moreover, eToro, the social investing network with over 27 million registered

users globally, took a small position in the company. eToro is a client and

powers its News tab with CityFALCON content, providing users with a quality

contextual newsfeed to inform investment decisions and increase engagement.

As further validation, The Holt Xchange, a global early-stage VC firm and

platform in Canada, and Terance Butler Holdings (TBH), a property investment

company in the UK, have both taken stakes.

TBH's investment enhances their portfolio of high-growth, IP-based companies.

Stephen Walker, Investment Director at TBH, said "We are excited to invest in

CityFALCON at what we believe is a pivotal time for the company. Having gained

traction, we believe now is the right moment for the company to scale up its

sales & marketing effort whilst continuing to develop the product".

Managing Partner at Holt Xchange, Elisabeth Laett, stated "The democratisation

of financial information is the result of a global demand to access better

education and deeper financial insights for a broader audience. We have been

impressed with the team's mission at CityFALCON and pleased to further support

them in this seed round".

Overall, CityFALCON boasts 2300 existing investors, with 1200 coming on in this

round, including new and repeat investors.

Ruzbeh Bacha, CEO at CityFALCON, commented "We are grateful and very excited

about this round, especially during these volatile and uncertain times. Our

users, clients, and investors on Seedrs have been amazingly supportive".

Seedrs' Kirsty Grant, chief investment officer, added "CityFALCON's raise far

outstripped their original expectations and shows the investor demand for

opportunities even amidst the current economic climate. We are happy to have

been able to support them in their journey."

About CityFALCON - Using AI and Big Data, CityFALCON personalises content feeds

from thousands of financial sources with one paid subscription like Spotify

does for music. Clients receive curated content, analytics, and insights via

web, mobile, and API.

Photo - https://mma.prnewswire.com/media/1844507/CityFALCON_1.jpg

Logo - https://mma.prnewswire.com/media/1845605/CityFALCON_Logo.jpg

Source: CityFALCON