Thinknum provides Web-based, easy-to-use tools for every investor, professional or amateur, to build financial models. Financial data indexed from over 2,000 sources have been available before you want to create a model. And models will be automatically updated whenever a company releases new financials. Thinknum has an algorithm that ranks models and is creating a crowdvoting system to determine the quality of models.
For average investors, Thinknum will become a platform for them to access resources they otherwise have to pay traditional service providers a lot of money for.
Two tools have gone live on Thinknum. Cashflow Model allows users to value companies based on fundamentals; Plotter allows for tracking financial data, analyze trends and so on. An API has been available for third-party developers to access data on the platform.
More features will be added later on. Users then will be able to comment on others’ models, charts and other financial documents, or annotate any input. Search functionality is also under development.
Thinknum has premium offerings such as distributed computing and custom applications. It has already had big names like Goldman Sachs and JP Morgan testing it’s paid platform. What’s interesting is some conventional institutional investors are paying Thinknum for not sharing their models to the public while still wanting to use the platform.
Founded by two Princeton grads who used to work in the traditional financial service sector, Thinknum saw the need for a Web-based platform for the professionals who miserably update their desktop spreadsheets during earnings seasons and the majority of the investors, amateurs, to access professional resources.