Arkera closes $4m round of funding led by XTX Markets

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Arkera, an AI-powered investment platform, has raised $4m in a new round of funding led by XTX Markets and Alan Howard.

Participation to the round also came from DOCOMO Digital and Henry Ritchotte, among other undisclosed backers.

Founded in 2015, Arkera provides financial institutions with real-time information to make better investment decisions. The app uses machine learning and AI technology to connect real-time events and news with relevant investment opportunities. Initially, the company is focusing its services for the brokerage industry.

Capital from the round will be used to develop Arkera’s machine learning platform and expand its global footprint.

DOCOMO Digital CEO Hiroyuki Sato said, “We are very focused on collaborating with businesses developing artificial intelligence and machine learning platforms for the DOCOMO Digital portfolio targeted at big data driven digital marketing services.”

Last year, Japan-based DOCOMO Digital contributed to the €1.2m funding round of personal saving and investment app Oval Money.

There have been several retail investing and trading platforms to close deals this week. Financial services API developer for wealth management and digital brokerage companies DriveWealth collected a $21m Series B. While, mobile investing platform 8 Securites secured a $25m Series C from Nomura Asset Management to expand in to new geographies.

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