Artificial intelligence (AI) investment start-up Arkera has secured £4m in a new funding round.
The investment will be used by the London-based FinTech to expand its footprint globally and develop its machine learning platform.
Arkera is behind an AI-powered platform developed with the goal of disrupting personal investment. The company was set up in 2015 to help financial institutions increase revenues by equipping clients with the knowledge and confidence to make good investment decisions.
Its app combines financial expertise with AI to directly connect real word events and news to investment products.
“Arkera brings together an expert financial content team with AI to offer relevant and contextualised content matched with investment products,” said CEO Vinit Sahni.
“There is a niche in the market for artificial intelligence and machine learning to empower clients to make exciting investment decisions.
“This funding round will allow us to scale the technology behind the Arkera platform and expand into new geographies and customer segments.”
The funding round was led by XTX Markets and Alan Howard, with participation from DOCOMO Digital, Henry Ritchotte and other unnamed backers.
DOCOMO Digital chief executive Hiroyuki Sato added: “We are very focused on collaborating with businesses developing artificial intelligence and machine learning platforms for the DOCOMO Digital portfolio targeted at big data driven digital marketing services.
“This investment underscores our belief in the team and the strategic opportunity for value creation through machine learning in the investment space. We look forward to partnering with Arkera for their next stage of innovation and expansion.”