Bengaluru-based financial technology startup Streak AI Technologies has raised Pre-Series A funding of $1 million. The round was led by 3one4 Capital and saw participation from existing investor Rainmatter Capital. The startup had earlier raised a Seed fund of $350,000 in 2017 from Rainmatter Capital. The capital will be primarily used to grow the team, focus on the product roadmap and scale the existing customer base.
Streak was founded in August 2017 by Harsha Manohar, Vipul Divyanshu and Jayalakshmi Manohar with the aim to change the status quo of financial participation of retail investors. With stock market biggies like institutional investors, hedge funds and HNIs dominating the stock market with their hi-tech trading equipment and access to the latest technology to trade algorithmically, the retail investors have been left behind with only trading terminals provided by stockbrokers that are limiting.
Although traders have some idea on the strategies, they want to implement in the stock market, the eco-system has become an encumbrance and lacking in the tools and technology, required to execute these strategies.
Streak.tech is the one-stop solution for all retail investors. It enables retail investors to not only validate their trading strategies but to also implement them live in the stock markets to take trades. The platform built for retail investors requires no coding skills to trade algorithmically.
â€śWe have seen a shift in the way retail investors approach the stock markets since Streak.tech. They are now able to visually see their strategies and validate them by understanding the risk around the strategies in an intelligible way. Trading based on bias and notions has now been replaced with a methodical and calculated approach,â€ť the founders said in a statement.
Streak.tech claims to have levelled the playing field by enabling any retail investor to leverage quality backtesting, real-time analysis, and swift strategy deployment to generate disproportionate returns. The platform allows anyone to track all securities such as stocks and futures in NSE, currencies, MCX commodities (over 2500+) without breaking a sweat.
Streak partnered with Indiaâ€™s largest broker- Zerodha and launched their platform pan India in 2018. Streak.tech has garnered partnership interest from major broking houses and financial institutions within India and abroad. Streak AI is the Winner of â€śAmazon AI Conclaveâ€ť in the Finance Category and also winners of TECHSPARKS 2018.