LATTICE80, recently relocated to London, has announced the launch of “FintechDB,” an AI powered database targeting the vast array of Fintech firms.
The FintechDB is presently in the alpha version, according to LATTICE80, but it is active and continuously porting raw data on over 11,000 startups in the Fintech, Blockchain and Cryptocurrency space. This new database will be part of the LATTICE80 KAYA Network. LATTICE80 is in the midst of an initial coin offering private sale for Kaya.
The network, which is available across the United States, UK, EU, MENA, Nordics and Asia, is said to connect:
1) Fintech, Blockchain and Cryptocurrency Startups
2) Financial Institutions, Corporates and Investors, and
3) Government Agencies, International Organisations
The global database is described as containing extra data on emerging markets such as Asia compared to other markets. The absolute number of startups in emerging markets still remains to be a small portion of the overall infrastructure. The company says that investors will be able to subscribe to the FintechDB on an invite-only basis within a few days.
“We are absolutely focused on two things. One, to provide a robust platform for investment information. To identify trends and opportunities based on market data, track records of old companies, correlating custom variables developed over time. It is a complex machine learning algorithm crunching data in the background. Big data will take over the function of the human VC to a certain extent,” explains Joe Seunghyun Cho, co-founder and Founding CEO at LATTICE80. “A human VC is limited by the number of pitch decks she / he can review; we review many times more, and reliable data, through our engine. And we will even be able to set up venture funds and accelerators based on the system. Secondly, we shall be able to identify trends for corporates and financial institutions. Something everyone wishes they had in my various interactions across the globe, but somehow not available.”
LATTICE80 says its advantage will be deeply engaging the community through their spaces and networks.
“We wish to emerge as the single largest Fintech network on the planet, by being able to engage every category and sub category in the industry.”