US wealthtech platform Tifin has acquired SharingAlpha, a fund rating platform consisting of a community of more than 15,000 professional fund investors and analysts across the world.
Co-founded six years ago by two Israeli brothers, Oren and Yuval Kaplan, SharingAlpha offers professionals the opportunity to build their own track record for fund selection and asset allocation capabilities.
Investors can tap into the collective knowledge gathered on the platform from members of the SharingAlpha community and gain input on funds’ chances of generating returns in the future.
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform, which is a search-powered marketplace for investments.
Oren Kaplan will also join Magnifi as a partner and work closely with Tifin’s recently announced head of international Jason O’Shaughnessy on the integration of the platforms.
“Being able to now offer Magnifi’s investment intelligence and capabilities to non-US investors is definitely an important step in our evolution,” says Dr Vinay Nair, founder and CEO of Tifin.
The acquisition comes just months after Tifin closed a $109 million Series D financing round, bringing its valuation to $842 million.
Image and article originally from www.fintechfutures.com. Read the original article here.