Less than two years after raising more than £450,000 through its Crowdcube round, digital wealth management platform MarketsFlow has returned to the equity crowdfunding platform to secure an additional £700,000 in funding.
As previously reported, MarketsFlow was launched in 2017 by technologist and entrepreneur Tom Nash and 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 £1.1 trillion 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 is authorized and regulated by the FCA and SEC and has received initial DFSA clearance. The company reported that since its last raise on Crowdcube and achieving authorization in the UK and the US, its clients have benefitted from its exemplary performance for their investments, getting them closer to their personal financial goals.
“MarketsFlow currently offers Managed Portfolios (GIA), ISAs and IRAs. As our pervasive next step, we expect our Growth and our High Growth portfolio performance will be accessible to all. Opening an account should be a breeze, however this process can take a week or more. Our new account registration will change this to be under 10 minutes. With our new mobile app and accessible investing, we expect a strong uptake and on top of that we are complementing our Growth using M&A deals (current deal in due diligence for £38M AUA).”
Funds from the latest Crowdcube round will be used to continue expansion. Since its launch, the campaign has raised nearly £450,000. It is set to close at the end of May.
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