IFinix raises $1m

IFinix raises $1m

New York-based iFinix, a provider of market data technology and services to the securities industry, has raised $1 million through a private equity offering.

Further details of the placing were not disclosed.

Commenting on the financing, iFinix chairman, Drew Budhu, says: "We have reached another important milestone in the development of our company. We are well positioned to fund business operations, particularly product development and compelling advertising campaigns, to dramatically increase our existing base of more than 200 paid subscribers."

IFinix's products deliver financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors.

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