Home » Funding trends » Financial Technologies company Streetbeat LLC announces successful $10 million seed funding round

Financial Technologies company Streetbeat LLC announces successful $10 million seed funding round

The Silicon Valley fintech startup surpassed 35,000 clients in the course of one-month beta and 125,000 trading orders in its first week.

Streetbeat is a free investing and trading platform for stocks and cryptocurrencies with an exclusive marketplace of professional investment strategies. The software will empower investors by leveraging their strategies, data and technologies in use.

The successful early funding headed by TTV Capital and supported by Seraph Group and the leading early-stage venture capital firm AAF Management comes after Streetbeats consecutive weekly growth of 18%. Based in Palo Alto, California, the fintech innovator is building a marketplace of trading methods and strategies to provide each user with a tailored list of suggestions based on interests and risk tolerance.

Co-Founder and Managing Partner at TTV Capital Gardiner Garrard commented on how the fintech is making manual trading a thing of the past with its next-gen, autonomous investment platform. He added on how long retail investors have wanted access to the data and technology which enhances professional investors and that finally, Streetbeat provides these resources with an easy-to-use mobile application. They expect a great relationship with the team at Streetbeat and future growth from the ideal time that such a much-needed solution for the market comes.

Damián Scavo, founder and CEO of Streetbeat, says, “Today’s brokers make money any time the user makes a trade, not when the user makes money. Manual trading is something that professionals stopped using in the ’90s, other than on rare occasions. Another issue that we see is copy trading of individuals without any type of due diligence on their strategies or access to exclusive data. These are problems that Streetbeat solves. Most of the investments in the professional trading world are automatic and data-driven, and that’s what everybody deserves to use today.”

Joseph Huang, CEO of StartX accelerator program and Omar Darwazah, Managing Director and General Partner of AAF Management Ltd. as well expressed their delight and support for the building of the cutting edge technology suiting today’s ever-complex financial markets and the leadership it will generate for the financial revolution we are all experiencing.

Photo by Streetbeat – investing powered by real-world data

About the author, Deyvid Stoyanov

Deyvid developed his passion for technology, innovation, blockchain and decentralization throughout his bachelor and masters degree studies in Bulgaria and Italy. With several years of experience in the private sector, he is currently part of the FinTech Legal Center Tallinn-based team and remains immersed in the transformation of the financial and banking sector, the adoption of blockchain and cryptographic technologies as well as their interrelationship with state supervisory authorities and the European regulatory structure.

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