Recent studies have reported that 75 percent of millennials and gen-z were planning to get involved in investment through trading platforms, leveraging technology for investment opportunities.
Aikido Finance, a Dublin-headquartered cloud-based investment platform gives everyone the access to investment strategies that were confined to financial institutions. Its approach makes algorithmic trading available to everyone, not just those with coding knowledge, finance backgrounds and access to large amounts of capital.
Growth and expansion plans
Now, the company just announced that it has picked up €5 million (nearly £4.2 million) in a Series A funding round to scale the growth of its business and enter new markets. Previously, Aikido raised €900K from 14 investors worldwide including US VC firm GoAhead Ventures and with support from Enterprise Ireland.
“There has been a rise in the investor generation as more people than ever hop into the markets unaided.” said CEO and Co-Founder Shane Monks O’Byrne, adding: “We put structure, systems, and strategy behind investing, empowering our users to build their own investment portfolio and to do it systematically.”
CFO and Co-Founder Conor Naylor added “We appeal to investors who want to actively build their own portfolios with little effort. These are exciting times and since our launch earlier this year the demand for our platform has exceeded forecasts. It’s now time to announce our next funding round and explore new markets.”
Everyone can invest with Aikido
Aikido Finance was founded in 2020 by a small team of 4 computer scientists and quant investors. It was launched to a small group of beta-users and is now available to the public with the goal to become the largest quantitative investment platform in the world.
Currently, it employs six people and aims to grow its team to 10 employees in early 2022 with an emphasis on hiring developers, designers, and marketers with a shared obsession for investing. The additional employees will help Aikido cope with the surge in demand experienced since its launch.
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