The latest SimFin News
SimFin launches its new Stock Analytics and Financial Data API platform
February 28th 2023 - Halle (Saale), Germany
SimFin announces the launch of its new financial analytics platform and website. The innovative platform provides users with unique ways of visualising and aggregating entire markets or industries on demand by retail investors. With access to over 20+ years of financial history, users can take advantage of SimFin's powerful analytics features.
The new SimFin tools have been in development for the last 18 months and are now ready to be used by investors and traders around the world. It features a powerful stock screener with 4,000 US Stocks, a backtesting tool for testing trading strategies against historical data, and extensive fundamental and ratios data from more than 20 years of financial history.
CEO Thomas Flassbeck says: “We are thrilled to announce the release of our new website which offers unprecedented possibilities to share and test quantitative trading strategies. We believe that the new platform SimFin provides is a major step in giving retail investors the right tools to better understand the market and make informed investment decisions rather than just blindly following the advice or recommendations of others.”.
The new functionalities have been designed with input from financial experts and are intended to provide users with an intuitive interface for accessing financial analytics and trading strategies. With this launch, SimFin aims to revolutionize the simplicity for accessing and analyzing financial data.
Felix Wolf, the marketing director, explains: "The development of SimFin towards a scalable, highly modern fintech company with a focused market approach geared to customer needs has paid off and results in the new launch of the analytics solutions. We strive to simplify financial analysis and set the basis for winning investment strategies. We will work hard in the coming months to incorporate the feedback of our users."
SimFin offers three subscription versions: Free, Basic, and Pro. The Free version provides access to all system features and seven years' worth of fundamental data history. The Basic version comes with 15 years of fundamental data history and high-speed analytics processing. Furthermore, the Pro version gives users access to more than 20 years of financial metrics and a larger budget for high-speed evaluations.
In the upcoming months, SimFin will work on new features and improvements. According to the roadmap, the SimFin database will cover 10,000 companies by the end of 2023, and this number is expected to reach 30,000 by 2024.