Digital wealth management platform MarketsFlow is quickly nearing its £210,000 equity crowdfunding target on Crowdcube. The portal launched the campaign less than two weeks ago and has raised more than £200,000 from nearly 250 investors.
Launched in January 2017 by technologist and entrepreneur Tom Nash, MarketsFlow describes itself as a sophisticated, award-winning and innovative machine learning and AI-based intelligent robo advisor and digital wealth management platform. The platform stated it uses data science to empower retail and institutional investors to make optimal investment portfolios.
“With the UK Asset Management industry worth £6.9trn, and Wealth management estimated to be £1.1trn by 2019, we want to empower retail and institutional clients to manage optimised portfolios, the scientific way. By applying advanced algorithms to vast amounts of unstructured financial data, our platform has the capability to produce exemplary portfolio performance in terms of annualized returns, managed volatility, sharpe ratios, and risk management.”
MarketsFlow confirmed that it is planning to market its platform after receiving our FCA advisory permissions.
“After receiving FCA advisory permissions, MarketsFlow will be marketing its platform to Retail and Institutional clients. Moving forward, we will also be managing customer funds and plan to grow our AUM business.”
Funds from the Crowdcube campaign will be used to acquire clients and accelerate growth, UI/UX enhancements, and develop investment management regulatory structure. The platform added:
“We aspire our exit to happening via IPO or an acquisition from a large Asset Manager or Investment Bank like BlackRock, Vanguard, State Street or JP Morgan.”
The campaign is currently set to close at the beginning of January.
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