Kristal.AI Raises $1.85 Million Seed Round Led By IDG Ventures

Kristal.AI Raises $1.85 Million Seed Round Led By IDG Ventures

Fintech startups, AI Based Startups, AI powered Investment platform, Kristal.AI, IDG Ventures India, TPG Global, McKinsey, Newquest Capital, Artificial Intelligence Scope

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Singapore-based AI powered Investment platform, Kristal.AI running under O2O Technologies Pvt. Ltd., raised $1.85 million in a seed round led by IDG Ventures India. Investors Shailesh Rao, a senior adviser at TPG Global and McKinsey & Co, and Newquest Capital founding partner Amit Gupta took part in the round.

Fintech company has built an artificial intelligence-driven asset management platform for retail and institutional customers that allows access to asset classes from global markets.

Kristal.AI Raises $1.85 Million Seed Round Led By IDG Ventures
Kristal.AI Raises $1.85 Million Seed Round Led By IDG Ventures

The raised capital will be used to improve technology and integrating machine learning and financial advisory services to the platform for providing faster and more efficient financial advisory to its clients as well as to extend the consumer platform to South-East Asia, Middle-East and the US.

Investment platform Kristal.AI was launched in January 2016 by Asheesh Chanda and Vineeth Narasimhan, headquartered in Singapore with offices in Hong Kong, Mumbai and Bengaluru.

“In the past two years, we have brought a simple idea into a live platform providing value to our customers. Our vision is to enable our customers to have a seamless, fully self-serviced and intelligent investment experience via our platform,” said Narasimhan, Kristal.AI’s CTO.

The platform uses new technologies like artificial intelligence to create curated portfolios for clients comprising exchange-traded assets like stocks, bonds, options, futures and currencies, among others.

For now, it gives access to financial assets from North America, Europe and Asia-pacific including India, Japan, and China, and caters to customers in Singapore, Hong Kong and India markets.

Please refer other Fintech startups who raised funding in recent past.

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