Money.net , the startup which bills itself as " The Complete Financial Platform " with " all the market information and tools that you 'd find on the Bloomberg Terminal for a flat $ 95 a month " is being coined a Bloomberg challenger by others . Launched in 2Q 2014 the platform now has thousands of paying customers , including all of the major banks in the UK , hedge funds , asset managers as well as organisations such as business schools that would be unlikely to turn to Bloomberg or Reuters . Founder Morgan Downey , claims many as liking it not simply because it is cheaper , but because it is more intuitive to use and has additional tools , it has also teamed up with Symphony . “Those companies (Bloomberg and Thomson Reuters) are similar to how the likes of Pan Am and TWA were in the 1980s. Last month , as reported in our briefings , Money.net was understood to be competing with Symphony to a Bloomberg news veteran , Kevin Smith .
Money.net , the startup which bills itself as " The Complete Financial Platform " with " all the market information and tools that you 'd find on the Bloomberg Terminal for a flat $ 95 a month " is being coined a Bloomberg challenger by others . Launched in 2Q 2014 the platform now has thousands of paying customers , including all of the major banks in the UK , hedge funds , asset managers as well as organisations such as business schools that would be unlikely to turn to Bloomberg or Reuters . Founder Morgan Downey , claims many as liking it not simply because it is cheaper , but because it is more intuitive to use and has additional tools , it has also teamed up with Symphony . Last month , as reported in our briefings , Money.net was understood to be competing with Symphony to a Bloomberg news veteran , Kevin Smith .