Empiricus is a Brazilian company founded in 2009 with headquarters in Sao Paulo established by professors Felipe Miranda and Rodolfo Amstalden together with Link Broker partner Marcos Elias. The three formed the company with the support of former bank director to Brascan and BNP Paribas, Caio Mesquita.
Three years later, Marcos later left. Empiricus focused on the publishing of finance and investments content as well as partnerships. Investments content offered by the company includes fixed income, investment funds, cryptocurrencies, real estate funds and equities.
This company has been engaged in several partnerships over the year.
The first partnership was with American group Agora a consortium that united financial content publishers in over 16 countries. Another partnership has been with Quantum a financial information firm. The partnership was aimed at seeking funds.
Empiricus’ following has increased gradually nearing a 2 million free readership and over 200,000 paying subscribers by 2018. This has been because of the local application of business regulations to the international market. In the year 2017, the site had a following of 180,000 a six-fold increase from that of 2014. Go Here to learn more.
In 2016, the company accumulated revenues of about 154 million reais and even went ahead to purchase of the website, The Antagonist for 5 million reais.. View Additional Info Here.
Empiricus has had its share of controversies from advising people to invest in Eike Batista’s company. Others controversies include:
- Felipe Miranda, a partner at the company that assaulted a competitor of Suno Research during a public event. A website gave Empiricus a “regular” rating that showed only 33.9% of claimants would still do business with the company again.
- Marcos Elias, who had left earlier came was to claim gains that might have been accrued years after his departure. The gains were huge as a result of the company’s first partnership. The judge, Maria Carolina that listened to the case denied Marcos such the benefit of enjoying such benefits. In September 2018, Marcos Elias, the former partner was charged and arrested with embezzlement of over $750,000 after the FBI did an investigation.