Dublin based fintech STRATxAI has raised €1.5 million

STRATxAI announced this week that they have raised a seed round of €1.5m with investment from Delta Partners, Furthr VC and a group of angels from the wealth and asset management industry. THe company has also officially launched ‘Alana’ a powerful investment platform that leverages AI to generate smart investment portfolios.

The capital will be used to expand the team, grow sales and drive product development. STRATxAI Smart Portfolios provide investors with a convenient and cost-effective way to access sophisticated investment strategies. The company is already live with clients including e-broker eToro.

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 for the investment management industry.

Read more here in this Business Post article about the company.