# OpenBB Aims to Revolutionize Fintech with an Open-Source Alternative to Bloomberg! 📊

**URL:** <https://onehack.st/t/openbb-aims-to-revolutionize-fintech-with-an-open-source-alternative-to-bloomberg/293045>\
**Category:** News & Articles\
**Tags:** tools, business\
**Created:** [October 8, 2024, 4:43am UTC](https://onehack.st/t/openbb-aims-to-revolutionize-fintech-with-an-open-source-alternative-to-bloomberg/293045 "2024-10-08T04:43:10Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 8, 2024, 4:43am UTC](https://onehack.st/t/openbb-aims-to-revolutionize-fintech-with-an-open-source-alternative-to-bloomberg/293045/1 "2024-10-08T04:43:10Z")

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**Summary:**

1. **Bold Ambitions**  
Fintech startup **OpenBB** is set to launch a new free version of its product, positioning itself as a flexible and accessible alternative to traditional investment research platforms like Bloomberg.

2. **Community-Driven Development**  
Founded by software engineer **Didier Lopes** in 2021, OpenBB began as a Python-based platform designed for amateur investors, rapidly gaining a user base of around **50,000**.

3. **Funding and Growth**  
The company has successfully raised **$8.5 million** in seed funding from **OSS Capital** and notable angel investors, enabling its expansion and development of new features.

4. **New OpenBB Terminal**  
The latest iteration, the **OpenBB Terminal** , transitions from a command line interface to a fully customizable web app, providing access to financial data from over **100 sources** across various markets, including equities, options, and forex.

5. **AI Capabilities**  
The platform includes an **AI-enabled OpenBB Copilot** , allowing users to perform natural language queries on their data, enhancing usability and accessibility.

6. **Customization and Community Engagement**  
OpenBB emphasizes flexibility, allowing users to integrate their own datasets and AI systems, fostering a collaborative environment where the community can contribute financial data and extensions.

7. **Trademark Dispute**  
Despite being likened to an “open-source Bloomberg,” OpenBB faces potential trademark opposition from Bloomberg, though Lopes maintains there’s no direct link between the two brands.

**Read more at:** [TechCrunch](https://techcrunch.com/2024/10/07/fintech-openbb-aims-to-be-more-than-an-open-source-bloomberg-terminal/)