Tag: investment banking

EnrichVideo (Amigobulls) – Helping Businesses Drive Growth

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by EnrichVideo (Amigobulls).

Organizations can utilize big data analytics to leverage their data and find new opportunities. As a result, smarter business decisions, more effective operations, higher profits, and happier consumers are the result. Big Data is used by businesses to improve their marketing efforts and techniques.

Amigobulls uses big data tools to expedite the fundamental research of hundreds of equities. The company uses an in-house built video platform to give the viewer an easy-to-understand analysis in the form of videography. This video platform was named EnrichVideo and later, Amigobulls slowly shifted its brand towards it.

As of 2018, Amigobulls has been rebranded to EnrichVideo.

EnrichVideo – Company Highlights

Startup Name	EnrichVideo
Headquarters	California, U.S.
Industry	Investment Banking, Fintech
Founders	Poorna Nayak, Mandeep Makkar and Chandu Sohoni
Founded	Amigobulls – 2013-2018, EnrichVideo 2018-present
Areas Served	Worldwide
Formerly Known as	Amigobulls
Website	www.enrichvideo.com

EnrichVideo – Latest News
About EnrichVideo and How it Works?
EnrichVideo – Name, Logo and Tagline
EnrichVideo – Founders and History
EnrichVideo – Mission and Vision
EnrichVideo – Business Model
EnrichVideo – Revenue and Growth
EnrichVideo – Funding and Investors
EnrichVideo – Competitors
EnrichVideo – Future Plans
EnrichVideo – FAQs

EnrichVideo – Latest News

As of July 2019, Amigobulls’ EnrichVideo Platform has received the ISO 27001:2013 certification which is the international standard outlining the best practices for information security management systems.

About EnrichVideo and How it Works?

Amigobulls used to employ big data analytics to provide individual investors with in-depth insights into a company’s financial and stock price performance, allowing them to make more informed investment decisions. On amigobulls.com which now redirects you to EnrichVideo.com, investors may get technological stock analyses, as well as thorough articles, videos, and discussion boards. This is very beneficial for bloggers.

The founders, who are specialists in technology and finance, bring together successful start-up expertise from a variety of industries, including technology, media, and telecom. It says that each stock is evaluated using a rigorous list of 56 check points, followed by a review by their finance and technology specialists.

Experts at the firm use the most up-to-date big-data techniques to give you the most up-to-date information and analysis on the technology sector. It thinks that any investor interested in technology stocks should have access to high-quality, impartial news and analysis videos.

Amigobulls Inc, a personalized video platform provider, has built EnrichVideo Platform for Hexagon Wealth, a renowned wealth management firm in Bangalore. Hexagon Wealth is the first wealth management firm in India to provide personalized movies as portfolio statements to all of its clients.

EnrichVideo – Name, Logo and Tagline

EnrichVideo ‘s company description says, “We Help Businesses Drive Growth Through Personalized Videos!”

Enrichvideo Company Logo

EnrichVideo – Founders and History

Poorna Nayak together with CEO Chandu Sohoni and Mandeep Makkar, co-founded Amigobulls which is now known as EnrichVideo. Mandeep Makkar has since left their post after the rebranding.

Amigobulls was founded in mid-2013 by investment and technology specialists with a clear goal of serving US retail stock market participants. The company is developing a YouTube-style platform where analysts and amateurs may post their own stock research videos.

Amigobulls’ three founders worked previously with each other at NewsHunt (now remaned DailyHunt), India’s leading mobile news application, and have decades of expertise in a variety of startups and multinational corporations.

Chandu is a successful entrepreneur who has founded profitable telecom, media, and mobile technology companies. He is a technician with a passion for the stock market, with years of expertise and skills in building profitable businesses. Chandu is a seasoned investor who keeps a close eye on the financial markets in the United States and actively invests in them. He was the creator and Chief executive Officer of NewsHunt (now DailyHunt), a mobile news media startup, prior to founding Amigobulls.

Poorna is in charge of marketing and customer service. She was an early part of the NewsHunt team, India’s leading mobile news app with millions of active users, prior to joining Amigobulls. Poorna offers unique expertise in product design and digital marketing to help build a successful digital client engagement platform, has been a major member of the NewsHunt team.

“It is a unique combination of high quality financial analysis provided using big data and video technologies. Our current focus is on analyzing US technology stocks but the patent pending technology allows us to expand beyond tech-stocks and also beyond North American markets. New age investors have no time to read long analysis reports and have a clear preference for multimedia content. Amigobulls provides media rich stock analysis with actionable insights. After initial struggles in understanding US consumer behavior the team came up with many innovative ideas including the presentation of financial analysis in short video format. We also enabled financial analysts to create video blogs using our charts and videos. After these initiatives were launched in early 2015, user traction has significantly increased with the monthly active unique user base about to reach 100,000,” said CEO & Founder of EnrichVideo, Chandu Sohoni.

EnrichVideo – Mission and Vision

EnrichVideo’s mission statement says, “We help banks and wealth management firms connect with their clients one on one with personalized and interactive video experiences.”

EnrichVideo – Business Model

Through a patent-pending video generating system, EnrichVideo provides financial advice and news to stock market investors in the United States. The company has applied for a patent for a technology that allows anybody to produce and submit movies regarding stocks. For bloggers, this is very useful.

The Amigobulls Business Model changed to make it feel more personal. Using typical digital techniques such as a client site, smartphone app, or chatbot renders the experience impersonal and lifeless. That is why EnrichVideo was created: to restore the human touch to your digital client communication.

Wealth managers may communicate with their clients on a regular basis and collect feedback from them using EnrichVideo without being intrusive or overbearing. It assists people in identifying dissatisfied customers long before they start transferring their assets to competitors. The firm also assists people in upselling to their satisfied customers.

EnrichVideo – Revenue and Growth

The EnrichVideo annual revenue is $5 Million in quarter 2 of 2021. It used to be $7 Million in FY21.

EnrichVideo – Funding and Investors

EnrichVideo has not raised any funding till date but Amigobulls funding is as follows:

Date	Round	Amount	Lead Investors
Sep 22, 2015	Seed Round	–	–

Investor Name	Lead Investor	Funding Round	Partners
Vijay Anand	–	Seed Round	–
Sharad Sharma	No	Seed Round	–
Lets Venture	–	Seed Round	–

EnrichVideo – Competitors

Heckyl, Cogencis, Lets Talk Payments, Golden Hills Capital, Biorx Venture Advisors, Tickerplant, RavenPack International S.L., and Vermillion Engineered are among EnrichVideo’s key competitors.

EnrichVideo – Future Plans

Wealth management businesses, banks, and brokerages use Amigobulls’ EnrichVideo Platform to provide tailored, interactive video summaries as part of their portfolio statements. EnrichVideo’s clientele includes some of the world’s top asset management organizations, such as IIFL Wealth Management.

“At Amigobulls, we believe that good design can simplify finance and enhance client engagement. We now offer our customers video statements that look real and beautiful. Our natural looking videos are overlaid with meaningful text and charts to create video statements that wow HNI clients,” said Amigobulls CEO Chandu Sohoni.

Data security and business continuity were two of the ISO certification’s main focus areas. Amigobulls underwent extensive testing and a comprehensive technical and procedural examination by a third-party auditor to ensure conformity with the ISO standard. Customers of Amigobulls may rest assured that their data is always safeguarded in accordance with these standards thanks to this accreditation. And all of these safety precautions have been transferred so EnrichVideo as well.

“Security has always been a top priority for Amigobulls as we deal with financial data and information. Leveraging the ISO framework for continuous review and implementation of our Information Security management controls, provides our customers the assurance and the confidence in our ability to handle sensitive information,” Chandu further added.

EnrichVideo – FAQs

Where are Amigobulls’ headquarters?

Amigobulls’ headquarters are in 3260 Hillview Ave, Stanford Research Park, Palo Alto, California, 94304, United States.

What is Amigobulls’ industry?

Amigobulls is in the industry of: Investment Banking and Fintech.

Who are Amigobulls’ main competitors?

Heckyl, Cogencis, Lets Talk Payments, Golden Hills Capital, Biorx Venture Advisors, Tickerplant, RavenPack International S.L., and Vermillion Engineered are among Amigobulls’ key competitors.

What is Amigobulls’ Revenue?

Amigobulls’ revenue is $5 Million.

Is Amigobulls and EnrichVideo the same?

Yes, Amigobulls was rebranded to Enrichvideo in 2018.

June 21, 2021

JPMorgan – One Of The Largest Financial Holding Company

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

JPMorgan(John Pierpont Morgan) Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the seventh largest bank in the world by total assets, with total assets of US$3.213 trillion.

It is also the world’s most valuable bank by market capitalization. As a “Bulge Bracket” bank, it is a major provider of various investment banking and financial services. It is one of America’s Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.

JPMorgan – Company Highlights

Startup Name	JPMorgan Chase & Co.
Headquarters	New York City, New York, U.S.
Industry	Financial services
Founded	December 1, 2000
Founder	Balthazar P. Melick(Chemical Bank), John Pierpont Morgan(J.P. Morgan & Co.), Aaron Burr(The Manhattan Company) and John Thompson(Chase National Bank)
CEO	Jamie Dimon
Areas Served	Worldwide
Website	www.jpmorganchase.com

JPMorgan – About and How it Works?
JPMorgan – Logo and its Meaning
JPMorgan – Founder and History
JPMorgan – Mission
JPMorgan – Business Model
JPMorgan – Revenue and Growth
JPMorgan – Investments
JPMorgan – Acquisitions
JPMorgan – Competitors
JPMorgan – Challenges Faced
JPMorgan – Future Plans
JPMorgan – FAQs

JPMorgan – About and How it Works?

JPMorgan Chase & Co. is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

It operates through the following segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking and Asset and Wealth Management.

The Consumer and Community Banking segment serves consumers and businesses through personal service at bank branches and through automated teller machine, online, mobile, and telephone banking. The Corporate and Investment Bank segment offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, government and municipal entities.

The Commercial Banking segment delivers services to the U.S. and its multinational clients, including corporations, municipalities, financial institutions, and non-profit entities. It also provides financing to real estate investors and owners as well as financial solutions, including lending, treasury services, investment banking, and asset management. The Asset and Wealth Management segment provides asset and wealth management services.

JPMorgan – Logo and its Meaning

Logo of JPMorgan Chase & Co.

The geometry of the emblem and its colours stood for confidence, loyalty, professionalism, and unity, and showed the bank as a strong financial organization with its customers as the main value.

JPMorgan – Founder and History

JPMorgan Chase, in its current form, has its roots in more than 1,200 predecessor banks, including major heritage firms JP Morgan, Chase Manhattan, Chemical Bank, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit. These entities all played a significant role in the growth of the US and global economies. The earliest of the Company’s predecessor companies was The Bank of the Manhattan Company, which was established in 1799 by Aaron Burr as only the second commercial bank in the US.

JPMorgan Chase is built upon numerous mergers and acquisitions. Arguably, the most significant of these was the 2000 merger between JP Morgan and Company and The Chase Manhattan Corporation, which effectively combined four of the largest and oldest banking institutions in New York City – JP Morgan, Chase Bank, Chemical Bank, and Manufacturers Hanover – to form JP Morgan Chase and Company.

JPMorgan is now one of the largest banking institutions in the world. It is ranked 23^rd in the Fortune 500 list and 5^th in the Forbes 2000 list. The Company trades its shares on the New York Stock Exchange and has a current market capitalization of $243.59 billion.

JPMorgan – Mission

JP Morgan’s mission statement says, “JPMorgan provides a range of banking and financial services to consumer, corporations and public institutions, with the aim of enhancing their financial wellbeing and helping to effectively manage their finances.”

JPMorgan – Business Model

JPMorgan Chase organizes its activities into core major reportable business segments

Consumer and Community Banking, which provides consumers and businesses with consumer and community banking services – such as deposit, lending and investment products – through personal service at bank branches and through automated teller machines, online, mobile and telephone banking;
Corporate and Investment Bank, which provides of banking and markets and investor services, including a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services, to corporations and institutions worldwide;
Commercial Banking, which provides delivers industry knowledge, expertise, and advisory services to commercial clients, as well as financing to real estate investors and owners; and
Asset Management, which provides investment advisory and wealth management services.

JPMorgan Chase also operates a Corporate segment, which comprises the activities of corporate staff units.

JPMorgan – Revenue and Growth

JPMorgan Chase generates revenue through the provision of various banking and financial services and products. Revenue is derived principally through fees and commissions imposed upon customers in relation to the Company’s services, including advisory, investment banking, management, and underwriting fees.

The Company’s largest portion of revenue was derived from asset management, administration, and commissions, which amounted to $15.51 billion for the year.

JPMorgan Chase revenue for the quarter ending September 30, 2020 was $30.834B, a 14.79% decline year-over-year.

Year	Amount	Percentage Change from Last Year
2019	$142.422B	+9.5%
2018	$130.07B	+13.52%
2017	$114.579B	7.7%

JPMorgan – Investments

JP Morgan Chase has made 144 investments. Their most recent investment was on Nov 9, 2020, when NovoCure raised $150M.

Date	Organization Name	Round	Amount
Nov 9, 2020	NovoCure	Post IPO Debt	$150M
Jul 28, 2020	Pharmapacks	Private Equity Round	$150M
Jul 18, 2020	Contemporary Amperex Technology	Post IPO Equity	CN¥19.7B
Jun 25, 2020	Capital Markets Gateway	Series B	$25M
Jun 22, 2020	Cedar	Debt Financing	$25M
Jun 4, 2020	Cloud9 Technologies	Series B	$17.5M
Mar 23, 2020	iCapital Network	Venture Round	$146M
Mar 3, 2020	The Joint	Post IPO Debt	$7.5M
Feb 3, 2020	Launch NY	Grant	$300K
Jan 17, 2020	Arcesium	Corporate Boy	–

JPMorgan – Acquisitions

JP Morgan Chase has acquired 10 organizations. Their most recent acquisition was InstaMed on May 17, 2019.

Acquiree Name	Date	Amount	About Acquiree
InstaMed	May 17, 2019	–	InstaMed simplifies healthcare payments for providers, payers, and consumers
WePay	Oct 17, 2017	$400M	WePay is the payments partner to the platform economy
J.P. Morgan Cazenove	Nov 19, 2009	–	J.P. Morgan Cazenove is a leading investment bank focused on mergers & acquisitions, debt and equity placements and equity research
Washington Mutual	Sep 26, 2008	–	Washington Mutual is a savings bank holding company providing consumer banking and financial services
Bear Stearns	Mar 17, 2008	–	Bear Stearns is an investment banking, securities trading and brokerage firm
Xspand	Mar 1, 2008	–	Xspand is a provider of revenue solutions that focuses on purchasing, servicing and securitizing municipal tax liens
Collegiate Funding Services	Dec 15, 2005	–	Collegiate Funding is a vertically integrated education finance company that markets, originates, finances and services education loans
Neovest Holdings	Jun 23, 2005	–	Neovest Holdings an independently operated technology company providing a comprehensive suite of global broker-neutral financial services
Bank One	Jan 15, 2004	$58B	Bank One is a Chicago-based multibank holding company providing many banking and financial services
Hambrecht & Quist	Sep 28, 1999	$1.4B	Hambrecht & Quist is an investment bank that focuses on the technology and internet sectors

JPMorgan – Competitors

The top 10 competitors in JPMorgan Chase’s competitive set are Citi, Goldman Sachs, Bank of America, Morgan Stanley, Capital One, Credit Suisse, Fidelity, Wells Fargo, American Express and HSBC.

JPMorgan – Challenges Faced

“We do not worry about the stock price in the short run,” Dimon (CEO) said. “If you continue to build a great company, the stock price will take care of itself.”

Economic risks on the horizon – The excessive disruption in the financial markets at the end of 2018 was “a harbinger of things to come,” as investor sentiment remained precarious.
Because of divisive politics, America was unable to keep pace in a new world – The federal government was becoming less relevant to what is going on in people’s lives, Dimon said. As a result, people lost faith in their politicians’ ability to deliver on their promises and meet societal needs.
American leadership and engagement on the world stage is “indispensable” – Dimon said one of the biggest uncertainties in the world is what role America is currently playing. He said that while there are many problems with international organizations, such as the North Atlantic Treaty Organization (NATO), the World Trade Organization (WTO) and the United Nations (UN), the world is better off with these institutions, and the U.S. should engage and exercise its power and influence “cautiously and judiciously.
Regulation isn’t all bad, but too much of it isn’t good – Dimon said current “excessive” regulation has reduced growth and business formation for the company, without making the economy safer or better.

“The ease of starting a business in the United States has worsened, and both small business formation and employment growth have dropped to the lowest rates in 30 years,” Dimon wrote.

JPMorgan Chase is “all in” on the cloud and AI, but not on stock buybacks – Dimon acknowledged that he was “partially responsible” for the bank being slow to adopt the cloud, because his early thinking was that it was just another term for outsourcing. He also said the power of artificial intelligence and machine learning is “real,” and are “rapidly being deployed” across virtually every aspect of the bank’s business. Since that makes some employees redundant, the bank is looking to retrain and deploy those employees for other roles inside and outside the company.

JPMorgan – Future Plans

17,000 Job Cuts- Even the country’s largest bank needs to cut back on employees. Executives said JPMorgan would eliminate about 17,000 positions over the next two years, including about 4,000 through attrition this year in its consumer bank.
13,000 to 15,000 Mortgage Cuts- Most of JPMorgan Chase’s job cuts will come through lay-offs and attrition in its mortgage operations over the next two years, as the industry moves past the worst of the foreclosure crisis and has less need for servicing employees.
100 New Branches- Even as it cuts some branches, JPMorgan Chase is expanding. The bank plans to add about 100 branches to its total over each of the next two years.
500,000 ‘Digital’ Customers- A growing number of JPMorgan Chase customers are opting for mobile and online technology over branch visits. About 500,000 bank customers per month are going digital, executives said.
New Partnership- JPMorgan used the day to announce a new partnership with Visa. Executives said the deal will allow the bank to negotiate directly with merchants over how they process Chase credit and debit cards.

JPMorgan – FAQs

What does JP Morgan do?

JPMorgan Chase & Co. is a global financial service that provides services including consumer banking, investment banking, commercial banking, and asset management for individuals, corporations, institutions, and governments globally.

Is JP Morgan and JP Morgan Chase the same?

JPMorgan Chase & Co. is the parent holding company of Chase(Commerical Bank) and JPMorgan(Investment Bank).

Is JP Morgan the largest bank?

JPMorgan Chase & co. is America’s one of the largest bank.

What is JP Morgan’s full name?

John Pierpont Morgan is JPMorgan’s full name.

How does JPMorgan make money?

The company operates through the following segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking and Asset and Wealth Management.

December 1, 2020