Nous Launches New Trading App TIQL for a Safer Way to Trade

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Nous Global Markets continued in its mission to make financial markets globally accessible with today’s launch of TIQL (pronounced tickle), a consumer-friendly way to trade.

Nous is touting its new app as the “safest way to trade.” Some of TIQL’s distinguishing features include:

  • $5 minimum to open an account
  • $0.01 minimum investment per trade
  • Free downside protection makes it impossible to lose more than was invested
  • Receive returns of up to 20x

TIQL launched in beta in April of this year, and has since received an OGRA license to operate by the Isle of Man Gambling Supervision Commission. The app’s early users from “many countries around the world” have invested $280,000 on the platform. The London-based company plans to raise funding to expand the already-growing platform, which is available on PC, iOS, and Android devices.

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At FinovateEurope 2014, the company debuted its flagship product, SparkProfit. The free-to-play, virtual trading game now has 400,000 users from more than 200 countries. In late 2015, Nous closed a $750,000 funding round, bringing the company’s total funding to $1.36 million.

Finovate Alumni News

On Finovate.com

  • Financeit Launches Direct-to-Consumer Financing Platform, Financeit Direct
  • Meet The ID Co.: miiCard Rebrands as DirectID Spurs Growth
  • Nous Launches New Trading App TIQL for a Safer Way to Trade
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Uber partners with Betterment to offer drivers flexible retirement accounts that will be fee-free for a year.
  • CU Broadcast features NopSec CTO Michelangelo Sidagni.
  • True Potential teams up with UBS Asset Management to launch five, new multi-asset funds.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Tink to Test PFM App with 10,000 ABN AMRO Customers”
  • “Bizfi Closes on $65 Million in Debt Financing”
  • “Nous Closes In On £350,000 Fundraising Goal” [Update: Nous Exceeds Original Goal, Raises $750,000].

Around the web

  • “TIS Closes 550,000 Euro Deal with Leading German Health Insurance Provider”
  • Trustly partners with payment solution iDEAL in the Netherlands.
  • TechCrunch looks at OnDeck and the future of alt-lending.
  • USA Today features how Simple is a different type of bank.
  • TechCrunch considers how TransferWise is a better way to send remittances.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Nous Closes In On £350,000 Fundraising Goal [Update: Nous Exceeds Original Goal, Raises $750,000]

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[Update] Nous has closed the round, exceeding expectations by raising $750,000 from angels and crowdfunding. This is $223,000 more than its original goal of $527,000.

Nous, a startup that builds products for global financial market enthusiasts, announced last week it has raised 88% of its £350,000 ($527,000) goal in its second external round of funding. The London-based company is currently raising funds on SyndicateRoom, a professional angel-crowdfunding site.

The campaign has two weeks remaining. Nous anticipates it will achieve and possibly exceed its goal amount to reach its overfunding limit.

Nous plans to use the funds to launch an ultra-low-risk trading app to serve a demographic overlooked by current financial products.

The founders of Nous bootstrapped the company with $500,000, and raised $605,000 in funding last year.

At FinovateEurope 2014, Nous launched SparkProfit, a financial data service and gamified market-prediction platform that combines human predictions and quantitative finance to better anticipate future market outcomes.

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From left: CEO Justin Short, founder, and Mick Horgan, co-founder, presented the Nous product for global financial markets at FinovateFall 2014.

Finovate Alumni News

On Finovate.com

  • “Banking Suite Provider Urban FT Acquires Wipit” Come see Urban FT at FinovateFall September 16 & 17.

Around the web

  • Niklas Adalberth steps down as Klarna’s deputy CEO.
  • ShopKeep to offer discounts to members of the MasterCard Easy Savings program.
  • Yodlee partners with Salesforce to offer advisers a comprehensive view of their clients’ financial accounts. Come see Yodlee’s presentation at FinDEVr, 6/7 October.
  • Monex to incorporate corporate-actions data from Markit. See Markit at FinDEVr 2015 in San Francisco.
  • Bank Innovation takes note of the Moven approach to displaying transaction histories.
  • Tech Vibes features Trulioo in a look at Vancouver, British Columbia, as a home for fintech innovation. See Trulioo at FinovateFall 2015 in New York.
  • Investment News looks for the next robo-adviser acquisition in the wake of BlackRock’s deal with FutureAdvisor.
  • Waters Technology highlights Nous, StockViews, AnalytixInsight, and Xignite in a review of how innovators are using market data. See Xignite at FinDEVr 2015 in San Francisco.
  • Flint enhances Android app to include immediate electronic receipts via SMS.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Four Finovate Alums Land on Inc. Magazine Top 100″

Around the web

  • Check out Utah Business’s video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Come see what MX has for developers at FinDEVr this October.
  • Silicon Republic names WePay, Betterment, and OnDeck as companies to follow on Twitter.
  • Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time.
  • TSYS hires Patricia Watson as Senior EVP and CIO.
  • Finovate, FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Waters Technology looks at the use of sentiment analysis by investment-oriented startups like Nous and Market Prophet.
  • BankNXT profiles the partnership between two disruptive businesses, Uber and Zopa.
  • Klarna valued at more than $2.25 billion after secondary offering.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • TIO Networks initiates a non-brokered private placement of up to 2.1 million Common Shares priced at $1.08 CAD per share.
  • AcceptEmail names Ron Averett as president and CEO for U.S.A. and Canada.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Nous Announces $600,000 Angel Round Investment

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With an investment of $600,000 (£375,000) financial data startup Nous is now that much closer to its goal of leveraging the insights of the crowd for the benefit of real-world professional investors at banks, hedge funds, and other financial institutions.

Nous CEO Justin Short noted that the investment would provide more than just new capital for a company that was “self-funded, pre-revenue, and pre-launch” when we met them at FinovateEurope 2014 in London. “All of our investors will contribute not just capital, but also their considerable industry experience,” Short said. “We now have even stronger connections to the forward thinking hedge-funds that can make the most of our unique data feeds.”

The investors for this angel round of funding were not disclosed.
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Nous has developed a trading simulator, SparkProfit, that allows thousands of users to predict the price direction of a wide variety of instruments, such as bitcoin, international currencies, stock market indices, and commodities. Top performing predictors on the platform can then compete for weekly cash prizes.
But this is only the beginning. By monitoring the predictions on the platform, Nous is able to offer a sentiment indicator called SparkFeed. SparkFeed works in real-time and according to the Nous provides a better sense of the emotions driving market behavior than that offered by either traditional sentiment algorithms as well as newer “social media” based sentiment measures. Nous calls this “crowd-sourced alpha.”
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A few metrics on Nous:
  • 84,000 users in 200 countries
  • 250,000 predictions a week
  • More than $61,000 paid in weekly prizes since May 2013
Nous was founded in September 2012 and, after operating in Japan initially, is now headquartered in London. The company hopes to grow its user base to 250,000 over the next six months, and plans to use the funding to add both new markets and social features to its platform.

Alumni News– October 20, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNous raises $600k to help drive its SparkProfit stock market prediction platform.
  • Lending Club selects the NYSE for its IPO.
  • Currency Cloud releases Connect API 2.0.
  • InComm partners with CardCash to integrate its online gift card exchange at InComm’s retail partners nationwide.
  • Compass Plus completes its TranzAxis integration with Klarna.
  • ID Analytics names Scott Carter Chief Operating Officer.
  • CAN Capital closes its first capital markets asset-backed notes offering.
  • Coinbase now available in 6 additional languages.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– May 22, 2014

  • Finovate-F-Logo.jpgDigital Insight named a 2014 Confirmit ACE Award Winner.
  • Quisk describes their FinovateSpring experience.
  • Betterment CEO Jon Stein talks with Mad Money’s Jim Cramer about its automated investing service.
  • BankersLab’s CreditLab takes gold at 2014 LearnX Impact awards.
  • Nous adds Spark Feed to trading app to help players analyze market sentiment.
  • Xero ranked No #1 by Forbes in its list of the World’s 100 Most Innovative Growth Companies.
  • Authentify announces expanded biometric support for Samsung Galaxy S5 Fingerprint Reader.
  • InComm and Peoples Trust launch reloadable pre-paid card for m-payments in Canada.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– April 23, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNous launches two-month pilot program with Hong Kong hedge fund. Launched at FinovateEurope in February, Nous’ Spark Profit has 25,000 registered users in 194 countries.
  • Heritage Bank of Nevada to deploy Fiserv’s deposit reclassification solution, ReserveLink.
  • AmeriServ signs real-time account processing agreement with FIS to deploy TrustDesk.
  • TSYS to discontinue operations in Japan after almost 14 years.
  • Billhighway & RallyBound partner to make multi-channel fundraising a reality for nonprofits.
  • Zendesk customer service software partners with Xero.
  • PerformanceIn interviews Linkable Networks CEO, Tom Burgess.
  • Insuritas working with Overstock.com to launch its virtual insurance agency solution. Come see Insuritas at FinovateSpring next week.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.