Utradea Inc. Acquires Financial Modeling Prep

Toronto, Canada. Jan 1, 2025. Utradea Inc. today announced the acquisition of Financial Modeling Prep SAS (FMP), a widely used financial market data platform. As part of this acquisition, Utradea will continue to operate Financial Modeling Prep, maintaining the current brand and service offerings. There will be no changes to the existing services, and users can expect uninterrupted access and support

The acquisition reinforces Utradea's commitment to delivering high-quality financial data and tools. Financial Modeling Prep's comprehensive APIs, which provide a breadth of financial market data, will remain at the core of Utradea's focus, supporting investors, analysts, and developers worldwide. FMP's extensive dataset and easy-to-use API structure have made it a trusted resource for financial modeling, valuation, and analysis across diverse user groups, including fintech startups, institutional investors, and independent analysts.

By running FMP as its flagship product, Utradea aims to accelerate product development and expand data coverage and features while enhancing the platform's existing structure and user experience. This approach ensures continuity for current FMP users while leveraging Utradea's resources to drive future growth. Plans include increasing the frequency and breadth of data updates, enhancing API performance and scalability, and expanding integration capabilities to meet evolving market demands.

With this acquisition, Utradea is positioned to strengthen its presence in the financial technology sector by offering a robust data foundation that powers smarter investment decisions. The company is committed to maintaining the high standards users have come to expect from FMP while exploring new opportunities to innovate and scale the platform.

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