Digital wealth management platform MarketsFlow is set to close its equity crowdfunding round on Crowdcube with more than £450,000 thanks to nearly 640 investors. The campaign was originally set to close at the end of December but was extended for a few more weeks after it secured its initial £250,000 funding target.
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 £1.1trn 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 recently confirmed that it is planning to market the platform after receiving its 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. MarketsFlow’s campaign will close on Sunday (January 14th).
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