SimFin
SimFin Analytics GmbH operates a SaaS platform that uses an AI-driven engine to extract and verify fundamental financial data from company filings, delivering stock screening, backtesting, and a Python/Excel/Web API data feed for retail investors, analysts, quants, and developers.
- Company typePrivate
- Founded2021
- HeadquartersBerlin, Germany
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What SimFin does
SimFin Analytics GmbH, founded in 2021 and headquartered in Halle (Saale), Germany, operates a cloud-based SaaS analytics and financial data platform aimed at retail investors, financial analysts and quants, students, and platform/app developers. Its core product combines a stock screener (5,000+ US stocks, 80+ built-in indicators, unlimited custom rules), a backtesting engine (20+ years of history, daily/weekly/monthly/quarterly/yearly rebalance intervals), and visualisation tools (line, scatter, distribution, and box-whisker plots) with social trading features that allow users to publish, copy, rate, and comment on investment strategies.
Underlying these features is a proprietary AI and machine-learning data extraction engine that converts original quarterly and annual company filings (including PDFs) into structured balance-sheet, P&L, and cash-flow statements, producing 620K+ statements and roughly 28 million recalculated metrics each day; every figure is clickable back to the source document via a multi-eye verification process combining automated ML-based QA and human finance expert audits. The new AI-based extraction tool, deployed in January 2024, also supports derived data points such as revenues by geography and sector/industry tagging.
SimFin monetises primarily through tiered subscriptions (FREE, START at $15/month, BASIC at $35/month, PRO at $71/month, with annual billing at a 40% discount and a 50% student discount on BASIC), distributed via a self-serve freemium funnel on app.simfin.com and supplemented by an Enterprise license that permits redistribution to third-party clients. Data is also exposed through a Python API (simfin package on pip), an Excel Plugin, a JSON Web-API, and bulk CSV downloads, while the August 2023 launch of an Intelligent Document Data Extraction Tool (IDP) extends the extraction engine into a standalone SaaS/on-premise enterprise product. The company has disclosed one capital raise in 2022 with IBG Risikokapitalfonds (managed by bmp Ventures) and operates with a small (1-10 employee) team led by founders Thomas Flassbeck (CEO/CTO) and Felix Wolf (CMO).
SimFin firmographics
Firmographics- Name
- SimFin
- Legal name
- SimFin Analytics GmbH
- Website
- https://simfin.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SimFin Analytics GmbH operates a SaaS platform that uses an AI-driven engine to extract and verify fundamental financial data from company filings, delivering stock screening, backtesting, and a Python/Excel/Web API data feed for retail investors, analysts, quants, and developers.
- Ownership category
- akta.pro rank
SimFin industry classification
Industry- Product category
- Financial Data Analytics Software
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Goal-Based & Micro-Investing Platforms (Round-ups, Fractional) (FSAGAEAG)
- akta.pro secondary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where SimFin is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
SimFin business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Subscription SaaS (Analytics Platform): SimFin operates as a cloud-based Software as a Service (SaaS) platform. Three subscription tiers: FREE ($0), START ($15/month or $180/year), BASIC ($35/month or $420/year), and PRO ($71/month or $852/year). Paid tiers offer extended data history, high-speed backtesting credits, Excel plugin, premium support, and higher API call rate limits. Annual billing provides 40% discount. Student discount of 50% available on BASIC package. Enterprise plan available with custom pricing for commercial data redistribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier with core features and limited historical data |
| Subscription | Annual | Enhanced tier with 10-year data history and Excel plugin |
| Subscription | Annual | Performance tier with 15-year history and bulk download |
| Subscription | Annual | Professional tier with full 20+ year history and phone support |
| Subscription | Multi-year contract | Enterprise plan for commercial use and data redistribution |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
SimFin product offering
Product offeringCore offering
SimFin operates a cloud-based SaaS analytics platform that delivers verified fundamental financial data on publicly listed stocks, extracted via AI and machine learning directly from original quarterly and annual company filings and audited by financial experts. The platform combines a stock screener, a backtesting engine, data visualization tools, and social trading features, with the same dataset programmatically accessible through a Python API, an Excel Plugin, a JSON Web API, and bulk CSV downloads. Subscription tiers (FREE, START, BASIC, PRO) plus an Enterprise license for commercial redistribution cover individual investors, analysts, quants, and platform developers.
Product overview
SimFin is a fintech company offering a cloud-based stock analysis SaaS platform (SimFin Analytics Platform) comprising a Stock Screener for filtering thousands of securities with custom criteria, a Backtesting Tool for testing investment strategies against historical data, and Data Visualization tools for line charts, scatter plots, and distribution plots. The platform integrates with the SimFin Data API providing Python API, Excel Plugin, Web API (JSON), and Bulk CSV Download options. Social Trading features allow users to share, copy, and rate investment strategies. The company also offers an Intelligent Document Data Extraction Tool (IDP) as SaaS or On-Premise Solution. Pricing tiers include FREE, START ($15/mo), BASIC ($35/mo), PRO ($71/mo), and Enterprise (custom).
Differentiator
Problem solved
Functional benefit
Products and services
- SimFin Analytics Platform Cloud-based SaaS stock analysis platform combining stock screening (80+ indicators and unlimited custom rules), a backtesting engine (daily, weekly, monthly, quarterly, yearly rebalance), data visualization (line, distribution, scatter, box-whisker plots), social trading, and 7,000+ daily calculated metrics across 5,000+ US stocks. Targeted at retail investors, financial analysts, and quants.
- SimFin Data API Programmatic access to SimFin's verified fundamental dataset (balance sheets, P&L, cash flow, 7,000+ calculated metrics, price data) via the SimFin Python API (pip), a JSON Web API with tier-based rate limits (2-20 calls/sec), the SimFin Excel Plugin, and bulk CSV downloads importable into Excel, Google Sheets, Tableau, or Power BI. Targeted at analysts, quant developers, and platform/app developers building on SimFin data.
- Intelligent Document Data Extraction Tool (IDP) AI-powered document data extraction tool that processes PDF reports and extracts financial data from company filings. Offered as a SaaS and On-Premise Solution for automated extraction from corporate financial documents.
Quantifiable outcome
- 18% CAGR achieved by 'Profitable Tech' user strategy backtested from July 2011 to March 2023, outperforming S&P500 by 7% annually
- +2 more outcomes
Companies that use SimFin
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
SimFin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature8 records
SimFin partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Wikifolio.comminorSimFin has a partnership with wikifolio.com to publish quantitative investment strategies as tradeable Wikifolios. Two SimFin strategies are available for trading on the platform: https://www.wikifolio.com/de/de/w/wfsimfin01 (ISIN: DE000LS9UH77) and https://www.wikifolio.com/de/de/w/wfsimfin02 (ISIN: DE000LS9UHT8).
- BenzingaminorBenzinga is listed as a partner on SimFin's website, appearing alongside other partner logos. Benzinga is a financial media company providing investment news and market analysis.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
SimFin competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SimFin social profiles
Digital presenceSimFin financial estimates
Financial estimateRevenue estimate
Valuation estimate
SimFin leadership team
Management profileNumber of profiles
Profiles2 records
SimFin funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SimFin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SimFin
What does SimFin do?
SimFin operates a cloud-based SaaS analytics platform that delivers verified fundamental financial data on publicly listed stocks, extracted via AI and machine learning directly from original quarterly and annual company filings and audited by financial experts. The platform combines a stock screener, a backtesting engine, data visualization tools, and social trading features, with the same dataset programmatically accessible through a Python API, an Excel Plugin, a JSON Web API, and bulk CSV downloads. Subscription tiers (FREE, START, BASIC, PRO) plus an Enterprise license for commercial redistribution cover individual investors, analysts, quants, and platform developers.
Is SimFin a public or private company?
SimFin is a private company. It is classified as venture growth investor backed and is currently operating.
When was SimFin founded?
SimFin was founded in 2021. It employs 1 to 10 people.
Where is SimFin based?
SimFin is headquartered in Berlin, Germany, in the Europe region.
How does SimFin make money?
One revenue line is on record: subscription SaaS (Analytics Platform).
Does SimFin have an API?
Yes. SimFin provides a Data API for downloading fundamental financial data. Access is via the SimFin Python API (downloadable via pip), Web API (JSON format), and Excel Plugin. The API provides financial statements (balance sheet, P&L, cash flow), calculated metrics (7,000+ key figures per day), and price data. Historical data spans 20+ years. API call rate limits vary by subscription tier: 2/sec (FREE), 5/sec (START), 10/sec (BASIC), 20/sec (PRO). New backend endpoint is https://prod.simfin.com as of January 2024. Developer documentation is at prod.simfin.com.
What industry is SimFin in?
SimFin's product category is Financial Data Analytics Software. Its primary akta.pro industry code is FSAGAEAG, Goal-Based & Micro-Investing Platforms (Round-ups, Fractional), with a secondary code of BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 523940 and its SIC code is 6282.