Prytek Invests $12 Million in TipRanks

We are delighted to announce that the Prytek is investing $12 million in TipRanks. This follows an initial investment of $3 million by the Singapore based corporation in 2018, raising its funding to $15 million.   

Prytek’s chair, Yossi Serrousi, is a long-term long-time partner of TipRanks. In 2013, as chairperson of Bank Hapoalim, Israel’s biggest bank, he integrated TipRanks data onto the website. This was the fintech company’s first corporate partnership.

Since then over 50 global banks and trading platforms have upgraded their capabilities by integrating TipRanks’ interactive tools. Institutions include TD Bank, E*trade, Interactive Brokers, Santander, Saxo Bank, eToro, and more.

TipRanks most recently added a unique stock analysis tool called the Smart Score to its suite of research products. Presented as a high impact graphic, it is a numerical stock value gauge suited for all levels of investors. The Smart Score amalgamates TipRanks’ unique datasets. These include analyst ratings, blogger opinions, hedge fund activity, insider transactions, investor sentiment, news sentiment, as well as technical and fundamental indicators.

The expanded partnership will enable TipRanks to reach new markets. TipRanks has 2 million direct users and over 30 million indirect users through banks and trading platforms around the world. The company employs 50 people in its main office in Tel Aviv. Its investors include former Governor of New York and Attorney General Eliot Spitzer, Poalim Capital Markets (PCM), and Capital Moneta.

Uri Gruenbaum, TipRanks co-founder and CEO said “I am confident that the involvement of Prytek will accelerate our growth in markets which are not our core markets. In the two years we have worked together, TipRanks has leveraged Prytek’s distribution channels, which has led to long term agreements with leading financial institutions in Eastern Europe.”

To learn more about the TipRanks product suite please visit our Enterprise portal. Or contact us at bizdev@tipranks.com to discuss how to incorporate our interactive research tools and datasets into your service.