AlgoMerchant Raises Over US$2M in Funding and Launches Robot Trading Platform

AlgoMerchant Raises Over US$2M in
Funding and Launches Robot Trading Platform

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The AlgoMerchant team

Singapore, 3 November
2017- AlgoMerchant, Singapore’s first platform offering trading robots
for retailer investors, is pleased to announce the public launch of their fully
automated robot trading platform. This followed after raising more than US$2M
from East Ventures and a network of prominent individuals in the fund
management and broking industry. The company started its journey two years ago
with NTUitive, an innovation arm of Nanyang Technological University, with the
vision to redefine the way of investing. Now the platform provides robot
investing solutions for Singapore, United States, and Hong Kong markets.

The battle between artificial
intelligence and human in the financial markets has begun. According to
estimates from Barclays Plc, the total managed AUM from computer-driven funds
has reached USD $500 billion, doubling over the past decade. High performance
computing and big data processing now allow traders to automate predictions
that once were limited only to stock market legends. Steve Cohen, a legendary
billionaire trader has joined the race to automate his top money managers.

First platform to offer a
variety of fully automated robots for retail investors

AlgoMerchant is the first
platform to offer a variety of fully automated trading robots relying on data
analytics and machine learning for retail investors at an affordable cost.
Users can rely on the robots to automate trading on personal accounts with
global brokerage firms such as Interactive Brokers and IG Markets. As the only
platform in Singapore which integrates with both IG Markets and Interactive
Brokers, retail investors will experience a seamless trading process, reducing
trade delays and human errors.

AlgoMerchant collaborates with
freelance quant traders and data scientists from all over the globe, who have
proven strategies on the stock market, to discover profitable investment
algorithms. Statistically, retail investors spend many hours performing
research on stocks but are often unable to achieve positive returns. With the
robots, retail investors can have an edge similar to resource-rich top
quantitative hedge funds.

Validated and tested by
over a 1000 users including top tier traders

During its 9-month beta test,
over a thousand traders have used the AlgoMerchant platform. They have been the
first to witness top performing robots which can generate projected an annual
return greater than 40%. Furthermore, in order to support their customers
better, AlgoMerchant holds regular seminars inviting trading experts to share
on their ideas.

Mr. Robin Ho, a top tier SGX
trader who made millions from his prediction during the 2008 stock market crisis,
has highlighted that the robot is superior to human traders. Showing his
confidence in AlgoMerchant, Robin has pledged an undisclosed amount to be
managed by AlgoMerchant’s robots.

AlgoMerchant will continue to
work with international quant traders to share their algorithms on the platform
following a rigorous in-house test for risk management and performance
maximization. The company has also started developing customized solutions to
meet the demand of fund houses which have plans to shift to robot investing.

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About AlgoMerchant

AlgoMerchant
is the first platform to offer a variety of fully automated trading robots
relying on data analytics and machine learning for retail
investors at an affordable cost. AlgoMerchant was founded by
ex-bankers CEO Justin Tjoa and CTO Aditya Santoso. Cofounder and CEO Justin
Tjoa previously worked in electronic trading within various brokerages and
banks with a background in big data analytics, algorithmic trading, financial
markets, business management, and product development. Co-founder and CTO Aditya
Santoso was previously

About East Ventures

East Ventures is the leading
early stage venture fund in Indonesia, Singapore and Japan. Over the years,
East Ventures has invested in hundreds of companies in Indonesia, Singapore,
Japan, Malaysia, and Thailand. Most of East Ventures’ active portfolios have
raised followon financing rounds and a there have been exits from portfolio
companies through M&A to local and international companies. More
information about East Ventures can be obtained at: https://east.vc/