AlgoPear, an automated investment platform for stock trading, has raised USD 2 million in seed funding led by NOEMIS Ventures. Following this fundraise, AlgoPear’s total funding stands at close to USD 2.1 million.
The company expects to utilize the funds in marketing to grow its customer base to 15,000 users and expand its product offerings by adding other types of investments such as cryptocurrencies.
Currently, AlgoPear has over 4,000 users and achieved a 20% month-over-month growth during the month of May.
Founded in 2019, AlgoPear is an automated investment platform that provides stock trading services for a monthly subscription charge for retail investors and small and medium-sized firms.