Singapore-based Prytek acquires AI-driven stock tip evaluator TipRanks for $200 million.

Fintech firm TipRanks, an AI-driven stock tip evaluator, has been acquired by Singapore-based Prytek for $200 million. TipRanks employs AI and data analytics to provide clarity in the financial sector, and serves around 50 million monthly active users, including enterprise clients like Nasdaq, Robinhood, and Morgan Stanley. Prytek has been a significant investor in TipRanks since 2017 and plans to expand the company's offerings by creating localized content for markets in Canada and Europe.

August 15, 2024
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