Innovative Financial Content Solution Coming to Canadian Investors with Support from BMO
An investment from BMO will introduce innovative financial content and solutions to Canadian investors.
TORONTO, March 19, 2024 /PRNewswire/ - StockPick, a modern financial content app, has announced a strategic investment from the Bank of Montreal (BMO). The support from BMO will accelerate the development of innovative products and solutions, continue to scale its platform, and empower more Canadian investors to make more informed investment decisions.
"The support from BMO will significantly accelerate the growth of our app in Canada," says Charles Qi, Co-Founder and CEO of StockPick. "We are excited to collaborate with BMO and bring innovative solutions to Canadian investors with expert content."
Qi founded StockPick to bridge the knowledge gap between retail and institutional investors, through preferred video-based channels of younger investors. Nearly 60% of North American investors under 35 use YouTube and 30% use TikTok as investment information sources, but there is a significant spread of content quality. StockPick aims to deliver high-quality, curated content in a format that resonates with modern investors.
Launched in early 2023 for iOS and Android, StockPick rapidly amassed over 40,000 users. Unlike social media apps, where DIY financial influencers can share content without restriction, StockPick provides professionally tailored financial news and research content while preserving a modern, intuitive interface and engaging delivery format.
"Our top priority at BMO is to provide best-in-class service to our clients, with curated solutions for their evolving needs," said Andrea Casciato. "Supporting innovative platforms such as StockPick, to reach our clients as they explore the digital financial frontier, is key in empowering younger investors with crisp and accurate information to make informed decisions for their financial progress."
This investment will fuel StockPick's growth, enabling the introduction of new content and features. The app, which recently launched a subscription service, offers real-time intraday market updates and weekly interviews with top market strategists.
StockPick is available for free download on the App Store and Google Play for residents of Canada, U.S., and the UK.
About StockPick
StockPick is a mobile app that provides high-quality financial news, research, and educational content. Through concise videos, StockPick helps investors stay informed, save time, and gain an edge. Led by industry experts in capital markets and financial journalism, StockPick's mission is to enable investors to make better decisions and achieve their financial goals.
SOURCE StockPick
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