@openfintech OS for financial applications
Thread 👇
#fintech #fintwit #startup
1/Intro
Finance professionals end up using several separate platforms simultaneously creating execution inefficiencies.
OpenFin provides an integration platform for financial programs enabling rapid and secure deployment, native experience and desktop interoperability.
2/Business model
Community licence: The Community license lets you run your apps with OpenFin OS for free, including for commercial purposes.
Enterprise: OpenFin charges a licensing fee
3/Growth
Founded in 2010, OpenFinn is used in more than 1,500 firms, and runs over 1,200 apps on nearly 225,000 desktops.
Since 2017, OpenFin’s deployments have more than doubled. The company’s headcount has also doubled and its European presence has tripled.
4/Financials
OpenFinn has raised total of $47-M. Last raise was series C in 2019 for $22-M.
I would estimate OpenFinn valuation at 250-500-M.
5/Bottom line
OpenFinn is deeply ingrained in the finance community: 1,500 major financial firms and 15 of the world’s 20 largest banks.
With a compelling value proposition and customer base, OpenFinn looks very promising.
6/Sources
Here's an sample app developed using OpenFin
crunchbase.com/organization/o…
techcrunch.com/2019/05/16/ope…
codeproject.com/Articles/12791…
github.com/HadoukenIO
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