Ex-Google top execs launch wealth platform targeting the affluent but not wealthy
ARTA Finance, founded by former leaders at Google, has launched a platform combining quant investing with robo advisory with an aim to bring a “digital family office” to the masses.
Arta, formerly known as Arbo Works, raised over US$90 million to build a platform that offers accredited investors advantages normally available only to the wealthy. This includes access to private equity, borrowing against assets, and creating highly personalised portfolios of stocks, bonds, options and leverage – managed by artificial intelligence (AI).
About half of the startup’s 67-member team is made up of former Google employees, including CEO Caesar Sengupta.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
High Court dismisses bid by co-founder and CTO to liquidate Cake Group
Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder