OpenFin is a startup company that helps electronic-trading firms build their desktop applications with an emphasis on integrating and connecting everything. The startup has raised $15 million with renowned backers such as JPMorgan, DRW, as well as Euclid Opportunities. OpenFin has 25 employees in New York and London and they plan to expand to 50 employees by the end of this year. Openfin strives to be like iOS and Andriod in the mobile application industry but in the financial application world. OpenFin’s software helps financial companies create and upgrade trading applications using HTML5. HTML5 is popular on Wall Street because it allows software to run on various types of devices. OpenFin focuses on easily downloaded and updated apps, security, and interoperability.
I think OpenFin has a lot of potential to grow and succeed. OpenFin is capitalizing on software and information system solutions for financial companies which is a very profitable industry since all financial institutions would eventually need or want better, faster, and more information. Financial market changes extremely fast, with stocks, currency, etc. changing within seconds. It is crucial for financial companies to have information and data quickly to provide adequate information for traders and investors.
Source:
https://www.nytimes.com/reuters/2017/02/16/business/16reuters-openfin-investment.html?_r=0