In an effort to modernize the world of trading analytics, the Geneva-based fintech company Allasso is set to utilize a fresh influx of funding to further its mission. The $3M (approximately €2.5M) investment was led by Fuel Ventures and boosted by a variety of angel investors and early industry backers. With the securement of this funding, Allasso aims to improve its product offerings and reach wider markets. The founders Felix Euler and Vadim Cissa, aim to address the inefficiencies they have personally experienced within trading infrastructures.
Emerging amidst a broader fintech trend, Allasso continues its trajectory of growth and innovation in the sector. Historically, advancements in trading technologies have often focused on individual aspects like risk management or data analysis. Allasso, however, integrates these components into a single system. This holistic approach mirrors broader industry shifts toward comprehensive solutions. The fintech domain has seen parallel developments where startups, driven by founders with direct market experience, dismantle traditional barriers.
What Drives Allasso’s Mission?
Allasso’s mission stems from the founders’ experiences in the field. Felix Euler and Vadim Cissa, combining their expertise as an options trader and data scientist, aim to overcome the limitations of existing trading systems. By replacing dated infrastructure with an API-first, web-based option, they intend to streamline processes for financial professionals. This involves creating a comprehensive suite of analytics tools that enhance decision-making capabilities.
How Will the Funding Be Utilized?
With the new capital injection, Allasso plans to expand its reach and product line. The company will target additional asset classes, such as STIR, bond futures, ETFs, FX, single stocks, and cryptocurrency. This expansion is poised to cater to a more diversified range of financial instruments. The funds will also aid in broadening the company’s market presence while refining its flagship product, Allasso Copilot.
Mark Pearson, Founder of Fuel Ventures, views this venture as promising, stating,
“Felix and Vadim are exactly the type of founders we look for: problem-solvers leveraging deep industry experience to disrupt outdated systems with smarter, more efficient solutions.”
Allasso not only addresses inefficiencies but aims to redefine financial and risk management dynamics.
Allasso Copilot stands as a comprehensive analytical toolset. It combines features like backtesting, scenario and historical analysis, and risk management. The intention is to provide traders with an integrated view of the market landscape, promoting more informed decision-making. By maximizing return potential and minimizing risks, it is designed to empower financial professionals in a single intuitive platform.
Felix Euler underlines this focus, stating,
“The trading industry has been held back for too long by fragmented and outdated systems. At Allasso, we want to change the game for financial markets professionals.”
This commitment is evident in their product’s design and capabilities.
Looking to the future, Allasso is well-positioned to impact the technology-driven era of trading. While many companies focus on isolated innovations, Allasso’s approach reflects the growing market demand for integrated solutions. The company’s evolution illustrates a broader commitment within fintech to challenge traditional systems and offer a streamlined path to financial decision-making.
