Robo advice platform citing AI and machine learning raises £562k on Crowdcube

By Daniel Lanyon on Monday 15 January 2018

Savings and Investment

The firm, called MarketsFlow, has seen strong demand for its equity raising more than 215 per cent of its target.

Marketsflow, a new digital wealth management platform closed its fully funded investment round via equity crowdfunding.

Initially looking to raise £210k, the fundraise has seen more than £562k of commitments from nearly 800 investors giving Marketsflow a pre-money valuation of £2.4m.

Describing itself as using innovative machine learning and AI-based Intelligence to power its robo-advice platform, Marketsflow launched its first digital wealth platform in January 2017. In October it subsequently applied to the Financial Conduct Authority (FCA), the UK regulator, for wholesale/retail Advisory permissions.

The platform, the firm’s pitch says, uses data science “to empower retail and institutional investors to make optimal investment portfolios” through applying “advanced algorithms to vast amounts of unstructured financial data”.

On a separate blog post Marketsflow’s CEO Tom Nash says the firm is entering into discussions to launch also in the US with a base in Boston and also plans to raise more money through an fundraise in July or Aug at valuation more than six times the current valuation.

The firm is looking to offer investors an exit via an initial public offering (IPO) or through acquisition by an investment bank, it says.

You can check out their pitch here.

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