Allasso Secures €2.5 Million Investment to Revolutionize Financial Trading
Geneva, Switzerland – Allasso, a groundbreaking Fintech startup, has successfully raised €2.5 million in its latest financing round. This funding will empower the company to enhance its innovative platform that delivers data-driven analyses for professionals in the financial markets.
Investment Led by Fuel Ventures
The financing round was spearheaded by Fuel Ventures, with participation from a range of strategic investors and initial backers. This investment highlights the growing interest in fintech solutions that address outdated systems within the commercial trading industry.
Transforming Financial Trading
Co-founder Felix Euler stated, “The commercial industry has been hindered for too long by fragmented and outdated systems. At Allasso, we aim to revolutionize the experience for financial market professionals, especially the next generation of data science graduates who crave superior trading tools.”
Empowering Decision-Making for Traders
Allasso’s innovative trading tools provide clarity that enables professionals to make informed decisions while effectively managing risks. The platform caters not only to hedge funds and brokers but also to systematic trading firms across various asset classes.
Expert Founders with Real-World Experience
Founded in 2022 by former trader Felix Euler and data scientist Vadim Cissa, Allasso boasts a team with decades of experience in financial markets. Their platform offers cutting-edge analysis and risk management tools designed to make trading faster, smarter, and more accountable.
Redefining Trading Infrastructure
This latest funding marks a significant milestone for Allasso in its quest to provide an alternative to “outdated trading infrastructures, incomplete cloud adoption, and ineffective trading systems.” The startup aims to deliver user-friendly web interfaces integrated with chat functionalities, making data science accessible and actionable.
Introducing Allasso Copilot
One of Allasso’s flagship products, the Allasso Copilot, combines several analytical tools into one seamless interface. Features like option analysis, backtesting, and scenario analysis are included to ensure traders have all necessary data at their fingertips. Leveraging 20 years of industry-leading data, Copilot aims to save time, mitigate risks, and enhance potential returns for traders.
Future Growth and Expansion
The funding from Fuel Ventures is poised to enable Allasso to expand commercially and diversify into other asset classes, including fixed income, ETFs, foreign exchange, individual equities, and cryptocurrencies. This expansion reflects Allasso’s commitment to evolving the financial trading landscape through innovation.