Company: Currensee
Website: www.currensee.com
Headquarters: Boston
Year Founded: 2008
Founders: Asaf Yigal, VP of Product; Avi Leventhal
Investors: North Bridge Venture Partners
Employees: 20
Company Description in 140 characters or less:
"Currensee Inc. is the first Forex trading social network that connects Forex traders based on real-time trades."
By Dave Lemont, CEO and President
Currensee Inc. is the first foreign currency (Forex) trading social network that connects traders from
Currensee was founded in August of 2008 by Asaf Yigal, a highly successful software development executive and one of the founding members of Onaro. Asaf was a member of the founding tech team at Onaro, which was acquired by NetApp for $130 million. At Onaro, Asaf was responsible for setting the overall product architecture, including the early versions of the product and building out the professional services practice in the company. Previous to that, Asaf was Project Manager for an algorithmic research project in the Israeli Navy.
We are headquartered in Boston. The company employs over 20 employees and has raised $6 million in funding from North Bridge Venture Partners to date.
Currensee traders from over 64 different countries have become members of our trading social network. To join, members create a Currensee profile that securely connects to their live brokerage account. Based on a variety of important factors (such as years of trading experience, trading region, and trading approach) members can connect with other traders and become Trading Friends. Trading Friends share actual trades and positions and collaborate on trading strategies in real-time. They learn from one another’s successes and failures and measure their performance against their Trading Friends, as well as the entire network. Because the system is totally transparent, Currensee members decide whom to trust and leverage the wisdom of their Trading Friends and the crowd.
Here’s what Currensee provides to Forex traders, divided into three important categories:
The Currensee business model is based on a combination of subscription services for advanced social analytics, revenue from Introducing Broker relationships with Forex brokers and transaction feeds from the Currensee Marketplace, which provides additional revenue opportunities for partners and a variety of new products and features for traders.
In terms of immediate priorities, Currensee is focused on growing its trader members and its broker and marketplace partners. All Forex traders are welcome to join at www.currensee.com. As a growing company, we are always looking for talented people to join our team of developers. Additionally, Currensee will be raising Series B in 2010.
About Currensee
Currensee brings trust and transparency to retail Forex trading. Our trading social network connects retail Forex traders from around the world, so they can share and collaborate on actual trading information in real-time. Our unique social indicators aggregate the wisdom of the network and provide a new approach to Forex market analysis and trade decision-making. We support over 100 Forex brokers (www.currensee.com/partners/supported-brokers), and education partners and are a member of the National Futures Association. Currensee is funded by North Bridge Venture Partners and we are headquartered in Boston.
Currensee – www.currensee.com
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