Digital wealth management platform MarketsFlow has successfully secured its initial £700,000 funding target through equity crowdfunding platform Crowdcube. The funding round was launched less than two years after MarketsFlow secured more than £450,000 through its previous Crowdcube round.
As previously reported, MarketsFlow was launched in 2017 by technologist and entrepreneur Tom Nash and is described 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 also notably authorized and regulated by the FCA and SEC and has received initial DFSA clearance. It was also revealed:
“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. The funding round is currently set to close at the end of May.
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