STRATxAI secures €1.5m to seize opportunities in AI Alpha Generation

22nd May 2024 – The funding to STRATxAI will be used to expand the team.

Dublin-based Fintech, STRATxAI has successfully raised €1.5m and officially launched ‘Alana’ a powerful investment platform that leverages AI to unlock alpha and generate Smart Portfolios.

The investment industry is on the brink of seismic transformation, driven by escalating investor demands for customisation and rapid technological advancements. Aware of the pressure facing firms in the sector, CEO Paul Clifford joined with co-founder Conor Naylor to devise solutions that accelerate the development of high-performing custom portfolios.

“I moved from working in hedge funds and global investment banks into fintech, knowing that new technology, like AI, could transform this performance-driven sector” STRATxAI, CEO Paul Clifford said. “The launch of Alana, puts investment professionals at the forefront of the AI revolution, and gives them the means to leverage data-driven strategies to meet the demands of investors.

STRATxAI empowers asset management and investment firms to rapidly launch alpha generating portfolios without the need for in-house quantitative research or machine learning skills. The Alana Investment Platform features pre-coded models and signals to provide endless possibilities for customisation.  Enterprise clients use Alana to develop and manage Smart Portfolios; dynamic multi-asset model portfolios, complete with historical backtesting, live performance analytics and rebalancing.

Existing Clients and Partnerships:

  • eToro, the trading and investing platform, have partnered with STRATxAI to launch a Smart Portfolio that offers exposure to high value US stocks.
  • Hedge funds are using STRATxAI to create investment strategies that outperform the market.
  • Fintechs are deploying STRATxAI to develop custom portfolios for their retail investors.

STRATxAI is among a select number of startups chosen to be showcased at ‘Money2020’, Europe’s biggest Fintech conference, which the team will attend in Amsterdam June 4-6th.

Colm O’Sullivan, Managing Partner of Furthr VC said: “We are very excited to be backing STRATxAI and its highly impressive team as they set out to offer world-class investment experiences to their customers, enabled by deeply sophisticated technology. Furthr VC invests in, and partners with, highly ambitious start-up teams to support their global growth plans. I am looking forward to working with the STRATxAI team as the company scales rapidly.”

Amy Neale, of Delta Partners said “The wealth and asset management industry is undergoing macro shifts that will be enabled by technology.  At Delta, we are thrilled to lead STRATxAI’s new investment round, supporting the team to become a market leader that helps  investment professionals to generate better returns and to make it easier for their clients to put their money to work”

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