Investor Relations fintech Quartr raises a further $ 2.6 million
Investor Relations fintech Quartr has raised an additional $ 2.6 million for its consumer app, which gives investors access to revenue calls and other company information, and takes the total amount raised as part of the seed round to more than $ 7 million.
The Fintech startup was founded in Stockholm in 2020, and has already recruited more than 40 employees and is now seeking to scale its development team and add new products, including a B2C app and a B2B desktop solution. The latest investment round comes from existing investors The Öhman Group together with Flat Capital, the investment company of Klarna CEO Sebastian Siemiatkowski; and Centripetal Capital.
Available on iOS and Android, Quartr brings together conference calls and documents from more than 5,500 companies to give any investor easy access to performance announcements, general meetings, capital market days, performance reports and press releases. It has had over 300,000 downloads in the first year as retail investments become more popular, and the company hopes that the platform will give sporadic investors the confidence to continue investing despite what it describes as “major market turbulence”.
Quartr aims to be “the home of investor communication”
Sami Osman, CEO and co-founder of Quartr, says: “By being able to access any company call, document or other data point within seconds, we see a significant proportion of institutional investors signing up for Quartr as their new And owning the distribution scale will make Quartr the new home for business communications, with millions of investors surveying companies every day.
“We are proud to introduce the participation of several high-profile investors who all started as Quartr users. Although the B2C value [proposition] is somehow proven by attracting more than 300,000 users in the first year, we are pleased to announce that more investor relations managers and investor relations consultants see what we are building for companies and want to invest.
“With the product leading our growth, capital will almost exclusively go to further recruitment of technological talent to serve the problems our customers are experiencing. With so many trillions of dollars circulating in the financial industry, it’s fascinating to see how far the user experience of some existing tools still remains. “
Johan Malm, CEO of The Öhman Group, adds: “Quartr is revolutionizing the investment process at both ends, transforming communications and decision-making into both companies and investors. The company provides a truly unique service to the investment world, and it has been exciting to be a part of it. We have been so impressed with their growth and leadership so far and are excited to continue our journey with them. “
More than $ 8 million raised to date
The latest investment takes the total amount raised by Quartr to more than $ 8 million. In addition to providing access to information for investors, it also provides public companies with the opportunity to communicate earnings and other financial information with potential supporters.
It recently launched a built-in player, and is collaborating with the likes of vaccine maker Moderna and mobile gaming company LeoVegas to allow companies to include their presentations on their websites and in blog posts.
