Quantifeed, a Hong Kong-based provider of digital wealth management solutions in Asia, closed a US$4.5m in Series A financing round.
The round was led by PGA Venture Partners.
The company intends to use the funds to accelerate expansion in key markets in the Asia Pacific region, including China.
Co-founded in 2013 by Alex Ypsilanti, CEO, and Ross Milward, CTO, Quantifeed provides an automated investment platform that allows banks, brokers and wealth planners to offer their customers a digital investing experience under their own brand. Its software and financial models provide institutions with a configurable solution to reach consumers by enabling them to invest in portfolios of stocks, funds and other asset classes across all major global markets.
Quantifeed offers a library of portfolios for asset allocation, thematic investments and other trading strategies.