Streetbeat, a free investing and trading app for stock and cryptocurrencies with a proprietary marketplace of professional investment strategies has closed $10m in seed funding led by TTV Capital with additional backing from investors like Seraph Group and AAF Management Ltd.
Streetbeat’s client base is expanding 18% weekly, thus creating a marketplace of trading strategies to give users a personalized list of options based on their interests and risk profiles.
Streetbeat’s market reach
More than 35,000 investors have signed up for the platform during its 30-day beta launch.
Gardiner Garrard, the Co-Founder and a Managing Partner of TTV Capital offered more insights. “We at TTV Capital are excited to partner with Streetbeat in their future growth.”
“Their next-gen, autonomous investment platform makes manual trading a thing of the past.”
“For long, retail investors wanted access to the technology and data to enable professional investors and Streetbeat provides these resources in an easy-to-use mobile app.”
“We are extremely excited to have the opportunity to work with the company’s talented and innovative team in order to bring a much-needed solution to the market at an ideal time.”
Damián Scavo, the Founder and Chief Executive Officer of Streetbeat also shared insights.
“Brokers make money when a user makes a trade, not when the user makes money. Manual trading is something that professionals stopped using in the ’90s and on rare occasions.”
“Another issue that has been constantly experienced is copy trading of individuals without the deployment of any type of due diligence on their strategies or access to exclusive data.”
“These are problems that Streetbeat solves. Most of the investments in the professional trading world are automatic and data-driven, and that’s what everybody deserves to use today.”
Streetbeat’s all inclusive platform
Streetbeat captures a wider investing audience with its online simple trading and robo-advisor, that execute advanced data driven trading strategies provided by vetted professionals.
The platform will launch with two strategies and will roll out additional strategies that include crypto, ETFs, and more. Streetbeat is democratizing data-driven strategies while reducing the technological and information gap that exists between the average investor and Wall Street.
Streetbeat is proud to be a graduate of the coveted StartX accelerator program.
The company is ranked #1 nationally, with a very selective process consisting of the top 8~10% of entrepreneurs from Stanford and around the world, through alumni invitation only.
StartX has 5x more unicorns than the graduates of any accelerator program of the same age and a 92% success rate of startups still growing and thriving, when backed by $3m funding.
Streetbeat is also backed by several angel investors of the Stanford Alumni community.
Omar Darwazah, the MD and General Partner of AAF Management shared his insights.
“We at AAF Management are extremely thrilled to back Streetbeat in their mission of building a cutting edge, investment platform catered to the needs of the savvy retail investors.”
“The technology provides the tools that retail investors need to professionally trade in ever complex financial markets. The Streetbeat team is world-class and we’re excited to work with them to help them bring their innovative trading technologies to the market.”