Total funding amount (Crunchbase): $64.1M With total funding of $44M, the company promises that its product will reduce communications costs by up to 50% by eliminating pricey private lines and desktop hardware. Their goal is to integrate with partners that are active in the voice ecosystem to create a more complete service to their users in financial institutions. The company believes that voice services are destined to become an open ecosystem, like any other communication channel. According to its founders, the product can help financial companies “remain competitive, compliant, and profitable in the market”.Ĭloud9 is another Fintech startup that has understood the value of open-source software.

The company was created in 2014 when a group of data scientists and engineers came together to develop a solution for cloud-based voice communications. It’s a voice collaboration and analytics firm that offers voice analytics, sophisticated trader communication and transcription solutions to distributed financial teams. There’s an innovative startup company that’s reinventing the way traders communicate and it goes by the name of Cloud9. With total funding of $25M, the company CEO’s mission is “to have the OpenFin OS on every desktop at every bank and buy-side firm.”įounders: Gerald Starr, Stephen J. OpenFin is a thriving Fintech startup that’s active in the open-source community. The best part? It runs on every operating system, including Mac, Linux, and Windows.

The OS enables easy workspace management and automates your workflow. People in finance can now run their apps on a modern OS that is created for the digital era. In a nutshell, OpenFin OS modernizes trading apps. In fact, according to the company, their OS has been deployed to nearly 1,500 companies and runs on 1,000 apps on 200,000 desktops. Banks, hedge funds and trading platforms have all installed the software on their desktops. OpenFin is to the Fintech world what iOS is to the rest of the world. All of them have already amassed six-figure funding, and are continually coming up with more innovative ways to improve their product or service. If you’re impressed with open-source-centric startups as we are, you’ll be happy to hear that we’ve put together a list of 10 startups that we think are shaping the future of open source. And it seems to be taking over the world of startups with the speed of light. Faster innovation and less duplication of effort are the main drivers behind open innovation.

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