Fintech OpenBB aims to be more than an 'open source Bloomberg Terminal'
OpenBB has been dubbed an open source Bloomberg Terminal challenger -- but it really just wants to democratize investment research.
Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free version of a product that will open its arsenal of data and financial tooling to more users.
OpenBB is the handiwork of software engineer Didier Lopes, who launched the Python-based platform back in 2021 as a way for amateur investors and enthusiasts to do investment research using different datasets for free, via a command line interface (CLI). The company went on to raise $8.5 million in seed funding from OSS Capital and angel investors such as Ram Shriram, an early backer of Google.
While the community-based, open-source project has amassed some 50,000 users, OpenBB has also been building an enterprise incarnation called Terminal Pro. This paid version gives teams access to an interface; pre-built database integrations; an Excel add-in; and various security and support bolt-ons that would appeal to larger businesses.
OpenBB claims some big-name customers that include shipping and logistics company Pangaea Logistics Solutions and an unnamed investment firm, which Lopes says has $6.4 billion in assets under management.
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