Robo advice platform citing AI and machine learning raises £562k on Crowdcube – Digital Wealth News

The firm, called MarketsFlow, has seen strong demand for its equity raising more than 215 per cent of its target. Marketsflow, a new digital wealth management platform, has closed a fully funded investment round via equity crowdfunding. Initially looking to raise £210k, the fundraise has seen more than £562k of commitments from nearly 800 investors giving Marketsflow a pre-money valuation of £2.4m. Describing itself as using innovative machine learning and AI-based Intelligence to power its robo-advice service, Marketsflow launched its first digital wealth platform in January 2017. In October it subsequently applied to the Financial Conduct Authority (FCA), the UK regulator, for wholesale/retail Advisory permissions.