TradEAsy raises €280,000 in investment with the support of Startupxplore
Por tradEAsy
22 Sep 2021
- tradEAsy, whose service allows its users to create robots that operate in the stock market with just a few clicks and without the need to code, closes its first investment round of €280,000.
- The startup quickly attracted the support of more than 50 investors, whose combined investment exceeded Startupxplore’s round target by 25%, which is the maximum allowed by current regulation.
Barcelona, 21 September 2021. tradEAsy, the Spanish startup whose service allows its users to create stock market trading robots with just a few clicks and without the need to code, has recently closed a new investment round through the crowdfunding platform Startupxplore.
The round, led by Top 5 Partners (a pledge fund specialised in co-investments in seed stage startups), in which a total of more than 50 investors participated, has meant a total investment of €125,000 for the company. In this sense, and with the additional support of direct investors, business angels and the granting of an ENISA for a value of €120,000, tradEAsy achieves a total funding of €280,000 to be able to start internationalisation.
Currently, 75% of retail investors lose their money when making short-term investments. tradEAsy’s mission is to help these retail investors improve their results through the technical advantages of automated trading. tradEAsy allows its users to create robots that trade for them and check that they will behave as expected. This is possible thanks to a simulation engine, the fastest on the market, which allows the trader to visualize the behaviour of the robot in just a few seconds, while other similar solutions require several minutes to deliver less accurate results.
The development of state-of-the-art technical solutions, such as, rapid simulation and the incorporation of innovations in usability has enabled tradEAsy to obtain funding from the Centre for Technological Development (CDTI Cervera) managed by the Ministry of Science and Innovation.
tradEasy is currently working on using genetic optimisation algorithms in its simulation engine to allow users to create cost-effective robots in even less time. In this second phase of R&D, the tradEasy development team will use artificial intelligence to make the process of designing and creating robots even more efficient.
One of the main barriers for the retail investor to move from manual trading to start using trading robots is the complexity of using existing tools. Tradeasy is the exception.
TradEAsy is a company supervised by the CNMV with a clear global vocation. It has participated in several acceleration programmes, such as, Open Future by Telefónica, NetMentora, Lanzadera, NetMentora, Lanzadera (the prestigious acceleration programme for startups run by Mercadona’s president, Joan Roig) and F10 (a Swiss accelerator run by Six, owner of BME, Bolsas y Mercados Españoles) and aims to become a global benchmark by democratising automated trading by making difficult things easy.