Digital wealth management platform MarketsFlow has successfully secured its initial £210,000 funding target from more than 250 investors on equity crowdfunding platform, Crowdcube. The initiative was launched last month, seeking the funds for growth and expansion.
As previously reported, MarketsFlow was launched earlier this year by technologist and entrepreneur Tom Nash. The platform 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. All funds from the campaign will go towards acquire clients and accelerate growth, UI/UX enhancements, and develop investment management regulatory structure. Following the campaign overfunding, MarketsFlow’s team stated:
“To say that we are over-joyed, would be an understatement. Our sincere thanks to all of our visionary investors, supporters, well wishers and the potential investors. The journey has started, but together we will now move onto the expansion stage, and bring much anticipated change to the Investment management.”
The campaign is currently set to close at the end of December.
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