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Facebook-style finance app invstr taps into wisdom of the crowds

invstr has completed major iOS and Android app updates as it aims to overhaul the user experience and make invstr more social, collaborative and easier to use.

The major iOS and Android app update will include a new ‘future’ chart allowing traders to compare their predictions with other players and also to share predictions and activity on other social sites such as Facebook and Twitter. The aim is to allow people to tap into “the wisdom of the crowds”.

invstr features a unique crowdsourced game that predicts the prices of individual stocks, bonds, currencies, and commodities, enabling investors to weigh the strength of market convictions immediately when making real-world investment decisions.

invstr CEO Kerim Derhalli said: “We created invstr to give even the most casual investors fast, mobile access to in-depth market data, news and analysis.

“Now we’re expanding invstr into a true financial social network by streamlining the app, making it simple to take part in financial conversations.”

Because of invstr’s unique combination of technology, news, and financial information, Derhalli is a 2015 finalist for the Talent Unleashed Awards, one of the judges being Sir Richard Branson.

Before founding invstr, Derhalli built an impressive 30-year track record of building, growing and managing multi-billion dollar businesses, and has served as global head of equity trading, head of european equities, global head of commodities and global head of emerging market equities at Deutsche Bank.