SparkFin, launched in 2015, creates and maintains lists of stocks that are either editorially managed or based on market and fundamental data. The company was incubated by Social Leverage, and counts Math Ventures and Worldquant Ventures as investors.
SparkFin lists can also be created and voted on by users. The current most popular investing list on SparkFin is "Where Millennials Spend their Money" that caters to younger users and gives new investors investment ideas based on consumer habits.
"We have seen very strong growth since launching last year," said Jason Pang, CEO of SparkFin. "Would-be investors who want to use SparkFin lists to get a jumpstart picking a portfolio will have a wider community with which to interact at StockTwits, and experienced investors can generate new ideas with the data."
SparkFin, based in San Diego, California, will continue their operations and join the pre-existing StockTwits San Diego team.
StockTwits, founded in 2008, is the largest social platform for investors and traders, host of events including the Stocktoberfest and StockTwits Future Forum Series, and publisher of Moneybadger.com. The StockTwits community consists of investors, traders, financial media, and entrepreneurs seeking to reimagine financial media and investing for the next generation.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stocktwits-inc-to-acquire-investing-discovery-platform-sparkfin-inc-300392014.html
SOURCE StockTwits, Inc.