Fintech Investor Relations Quartr Raises Another $2.6M
Fintech investor relations Trimester raised an additional $2.6 million for its consumer app, which gives investors access to earnings calls and other company information, bringing the total amount raised in its funding round over $7 million.
Founded in Stockholm in 2020, the fintech startup has already recruited more than 40 employees and is now looking to scale its development team and add new products, including a B2C app and a B2B desktop solution. The latest round of investment comes from existing investors Öhman Group alongside Flat Capital, the investment firm of Klarna boss Sebastian Siemiatkowski; and centripetal capital.
Available on iOS and Android, Quartr compiles conference calls and documents on more than 5,500 companies to give any investor easy access to earnings releases, general meetings, capital market days, earnings reports and Press Releases. It has had over 300,000 downloads in its first year as retail investing becomes more popular, and the company hopes its platform will give casual investors the confidence to continue investing despite what it is. described as “major market turbulence”.
Quartr aims to become the “home of communication with investors”
Sami OsmanCEO and co-founder of Quartr, said: “By being able to access any call, document or other company data point within seconds, we see a significant proportion of institutional investors registering on Quartr as their new go-to place on mobile.And owning the distribution ladder will make Quartr the new home of business communications, with millions of investors looking for businesses every day.
“We are proud to announce the participation of several leading investors who all started out as Quartr users. Although B2C value [proposition] is somehow proven by attracting more than 300,000 users in the first year, we are happy to announce that several investor relations managers and investor relations consultants see what we are building for companies and want to invest.
“As the product is the engine of our growth, the capital will go almost exclusively to the recruitment of technological talent to solve the problems encountered by our customers. With so many trillions of dollars circulating in the financial industry, it’s fascinating to see how the UX of some existing tools still lags far behind.
John MalmCEO of The Ohman Group, adds: “Quartr is revolutionizing the investment process at both ends, reshaping corporate and investor communications and decision-making. The company provides a truly unique service to the investment world, and it’s exciting to be a part of it. We have been so impressed with their growth and leadership thus far and are excited to continue our journey with them.
Over $8 million raised to date
The latest investment brings the overall amount raised by Quartr to over $8 million. In addition to providing investors with access to information, it also gives public companies the ability to report earnings and other financial information to potential backers.
It recently launched an embedded player, in partnership with vaccine maker Moderna and mobile game company LeoVegas to allow companies to include their presentations on their websites and in blog posts.