TickSmith Secures $2 Million

Fintech startup TickSmith announced it has raised $2 million in financing from Illuminate Financial Management.

TickSmith was founded in 2012 by industry experts to address a problem that affects all participants in capital markets: efficiently working with constantly growing mountains of financial data. Through its TickVault platform, the company aims to offer a leading big data application for the brokerage ecosystem and financial services. The platform is used for data centralization and distribution, market surveillance, risk management, strategy discovery, and analytics. It serves trading and risk groups, regulators, exchanges and data vendors, all of whom need to accumulate, transform, analyze, and disseminate vast troves of financial data from multiple sources.

The company revealed that proceeds will be used to commercialize its flagship product, TickVault.