- Fintech start-up Maqro has released a hybrid robo-advice service in Australia, set to compete against traditional financial institutions.
- The robo-device allows investors to access high-quality financial advice from a real human and financial advisers can white-label the product and scale according to their business needs.
- Maqro is seeking additional funds of $2.2 million to further expand its offerings.
Fintech start-up Maqro, co-founded by Conrad Song, has released a hybrid robo-advice service in Australia, set to compete against traditional financial institutions. The robo device brings together the best of both worlds in terms of investing, for both the investor and advisers. It allows investors access to systematic algorithmic investment strategies online, all underpinned by real advice for a financial adviser.
The robo-device has closed the gap between those seeking individualised financial advice, and those limited by funds. It allows advisers to white-label the SaaS model and scale it according to their business needs. Robo-advice is leading the way as one of the most innovative AI applications today.
Maqro has raised $500, 000 to date and aims to raise an additional $2.2 million to expand its offerings.
A loss of faith in existing adviser services, combined with the growing popularity of self-serve digital solutions has heralded a boom in online investment advice.
Maqro is a startup on a mission to provide Australian investors with technology-driven solutions destined to give traditional financial institutions a run for their money.