Wealth management app Exo Investing bags funding

Retail investing wealth management platform Exo Investing has bagged a private investment from Benjamin and Ariane de Rothschild.

The investment comes alongside funding from the founders of ETS Asset Management Factory and the former heads of the La Compagnie Benjamin de Rothschild SA, Daniel Treves and Hugo Ferreira.

Exo, which launched its platform earlier in the year, uses AI technology to provide consumers with a personalised and adjustable ETF portfolio, daily risk management and transparency.

A user creates a profile, outlining their financial goals and risk level, the app will then select investment opportunities and the user can select the ones they are most interested in backing – this can be left to the AI and algorithms to choose. The platform takes into account the user’s risk appetite, investment focus, market volatility and historical data to ensure a diverse portfolio.

Investors are able to manage their portfolios through 24/7 risk management services. The app will automatically analyse whether a user should shift the proportion of funds from high-risk to less volatile ones and vice versa.

Exo Investing CEO Lennart Asshoff said, “This investment paves the way for Exo to continue developing this ground-breaking solution for the retail market. Opening the door for thousands of private investors to the important benefits that Quantitative investment science offers is very satisfying having seen what a pivotal difference it can make to investment outcomes during my years working at ETS.

Earlier in the week, fellow retail investing platform Republic raised $12m in funding to support the tokenisation of its platform and the creation of a security token.

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