Posted by Tom Heien on Dec 12, 2022

Fast Info

Title of Startup: 1Finance
12 months Based: 2019
Web site: 1finance.app
Kind of firm: Fintech apps
HQ Location: Barcelona

 

Startup Founders:

Soren Lanng

Startup one-liner:

Constructing the long run monetary buying and selling apps for the 2B person retail phase

Downside the startup solves:

Programming of automated buying and selling is not potential, AlgoView is the primary platform changing programming with no-code. The vacuum after Quantopian is thereby crammed.

Offering the affect for entry stage retail customers, that current options don’t present. Two apps, as the following step after social buying and selling and replica buying and selling. The subsequent after Robinhood and ETORO.

There are not any options for the rising 2B person retail phase, as phase main market gamers has as strategic focus, reminiscent of CBOE. However nobody has platforms for this phase, such takes a decade to develop. What you see right this moment, is what you’ve gotten the following a few years.

Progress and present standing:

Patent protected AlgoView able to launch, stealth Hamster + AlgoPlay inside 2-3 months. This stack of applied sciences and derived buying and selling apps representing a decade of deep tech improvement.

What’s a loopy story in regards to the startup?:

Bootstrapped.

What’s an organization the startup appears to be like as much as, and why?:

Binance, having a full featured buying and selling API, the one true futures change accessible for retail customers.

The corporate in 4 years shall be…

Having made an exit, > 1B$ firm. Most likely in lower than two years.

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