Fintech Startup Elsen Secures $930,000

According to a recent SEC filing, Elsen raised $930,000 in financing from an undisclosed investor.

Elsen is a financial technology company that offers a scalable, reliable, secure platform for bringing massively-parallel processing to financial data. Complex time-series calculations like Monte Carlo simulations and other algorithms widely run in financial services for backtesting, pricing, and risk management are ideally suited to run in parallel.