UP024: Intrinio // powering fintech innovation with access to financial data
You may have heard the name "Michael Bloomberg" over the past couple years. The former mayor of New York City is listed as the 8th-richest person in the United States with a net worth of $51.8B.
He got his start in the financial services industry building the Bloomberg Terminal, a computer software that provided financial data to the financial services industry.
Access to and aggregation of that data was Bloomberg's secret sauce, and Bloomberg charges a hefty fee to for their Terminals and data.
Enter: Intrinio.
This week, we spoke with Rachel Carpenter, the co-founder and CEO of Intrinio. Rachel and her co-founder, Joey, built a platform that analyzed financial data and returned investment suggestions. But there was one problem: getting the data to run analysis on was expensive.
In fact, Rachel was quoted at $60K/mo just to start.
That's when Rachel and Joey started Intrinio, a financial data platform with a marketplace for financial data APIs and analytics applications built with those data feeds. Their mission is to democratize affordable, easy to access financial data for developers and investors.
Intrinio was founded in 2012 and is based in St. Petersburg, Florida.
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