Alphathena, a Warrenville, IL-based AI-powered direct indexing platform for Registered Investment Advisors (RIAs), secured a $4m investment.
The round was led by ETFS Capital, with participation from Hyde Park Angels.
The company intends to use the funds to continue advancing product development plans while also doubling down on key distribution areas of their business.
Founded in 2020 by Mohan Naidu and Tushad Driver, Alphathena is an AI-enhanced SaaS platform for personalization and direct indexing, built for RIAs, Wealth Managers and Fintech platforms. It offers customization, direct indexing, automated tax-loss harvesting, optimized allocations, rules-based rebalancing, portfolio transition tools, and more, available via Web solutions and open API for WealthTech partners to integrate natively into their workflow.
FinSMEs
18/01/2024