Singapore-based artificial intelligence startup AlgoMerchant today announced that it has raised more than US$2 million of investment from East Ventures and a network of “prominent individuals” in the fund management and broking industry.
The startup plans to use the new funding for further product development, new hires in the product development team and for financing new user acquisition. The company is also set to launch its fully automated robot trading platform for retailer investors, which will be available in the Hong Kong, Singapore, and the US markets on November 18. Claiming to be the first to offer such service at an affordable costs, AlgoMerchant’s robot trading platform has the goal to “redefine investing” through the use of data analytics and machine learning.
https://e27.co/algomerchant-raises-us2m-launches-robot-trading-platform-20171103/?via=indexdotco
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