Social Network For Forex Traders Currensee Raises $6 Million


Currensee, a social network aimed at foreign exchange traders, has raised $6 million in a first round of funding from North Bridge Venture Partners. Currensee members link their brokerage accounts to their profiles, so that they can share trades and foreign exchange positions; trade data is also aggregated and shared throughout the social network. Currensee CEO Dave Lemont says in a release that the goal is to give individual forex traders “access to the type of collaboration and information” typically only available to institutional investors.

The site — which has been in invitation-only beta for the last eight months — opened to the public today. Xconomy reports that Currensee plans to make money by taking a commission when its members open new brokerage accounts — and potentially by charging for “premium information services.” Release.

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