Public.com acquires HyperCharts to improve broker’s data visualization
“One chart is worth 1,000 numbers. We built HyperCharts to make financial analysis easy, fun, and approachable for the masses by turning complex SEC filings into simple, interactive charts.”
Public.com has acquired HyperCharts, a data visualization platform that provides fundamental financial and business metrics for publicly-traded companies, in order to bring more contextually-relevant information to investors.
HyperCharts was founded by Galileo Russell, an early advisor of Public.com, and Moe Salih in 2019 to provide data summaries and visualizations for hundreds of the most popular publicly-traded companies.
The platform features financial metrics like revenue growth, net income, and operating expenses, as well as other applicable signals relevant to investors, like subscriber growth and streaming memberships.
To democratize financial markets and education
Galileo Russell, co-founder at HyperCharts, commented: “One chart is worth 1,000 numbers. We built HyperCharts to make financial analysis easy, fun, and approachable for the masses by turning complex SEC filings into simple, interactive charts. I’m so excited to partner with Public to expand the capabilities of our financial visualization software. HyperCharts’ mission to democratize financial markets and education for all could not be more aligned with what Public is doing.”
The brokerage firm promotes community collaboration with contextually relevant information and unique features for discovering new ideas, like in-app audio shows and Town Hall executive Q&As. HyperCharts’ clear and simple data visualizations will soon provide yet another layer of education in a format that resonates with modern retail investors.
Modern retail investors say that their primary source for information about their investments and the markets overall is their investing app, before traditional business news outlets and popular social media platforms, according to Public.com’s statement. “With our acquisition of HyperCharts, we look forward to offering even more ways to learn and grow as an investor in the same place you invest.”
In 2021, the fintech firm saw its community growing by more than 700%. At the same time, its staff tripled to ensure the organization matures at the same pace, thus scaling the best product experience for its users.
As part of that effort, Public.com hired two industry leaders that can bring the required experience and expertise to take the broker-dealer to the next level as it competes against market leaders such as Robinhood and E*TRADE.
Public.com is a neobroker in the United States that is looking to take the place of Robinhood as the fastest growing online trading platform in the country.
The broker recently slammed Robinhood’s PFOF model and explained why its way to achieving quality execution is better for customers.
