BigBrainBank, a startup that digitally assists investors in making trading decisions using artificial intelligence (AI), has raised a USD 7-figure seed funding from angel investors.
The platform, developed using a wide range of big data, machine learning, and AI technologies, collates years of market information and matches them with an optimised, deep-learning algorithm that generates smart trade suggestions for users.
The goal is to eventually allow ordinary people to make investments with minimal technical or financial knowledge, all from the palm of their hands — using the strategic combination of knowledge, skills, and experience with the value-added advantage of cutting edge AI-powered technology.
BigBrainBank's platform comes with a wide range of tools to make investing easier, ranging from risk level management, news filters, backtesting/market analysis, social media sentiments, and more.
One of its most notable features is its trade ideas guide, a feature that notifies users on "what to trade" and "when to trade" based on historical data that has more than 65% accuracy.
To top it off, BigBrainBank's platform even includes multi-channel analysis on commodities, indices, bonds and forex, with plans to integrate multi-broker accessibility in the longer term.
Since the launch in July 2020, BigBrainBank's core product, The Brain - AI Trade Strategies app, has garnered over 60,000 trial users who registered over the app stores and website.
While the platform is designed on a freemium basis, the company charges an annual subscription of US$300 for more advanced features.
The founder, Brendon Yong, has over 10 years in the finance education industry, both as a trader and entrepreneur.
Moving forward, BigBrainBank expects to draw in 100,000 more subscribers by the year end.
As of today most of the current subscribers are from Malaysia, with 20% coming from Singapore, Indonesia, Thailand, Taiwan, and Dubai — markets that Brendon believes have tremendous opportunities for growth.
In 2021, BigBrainBank intends to penetrate new markets in Philippines and Hong Kong, and thereafter to the rest of Asia.
"Our goal is to raise the standard of peoples living through financial tools and education. We believe BBB will not only allow people to make better investment decisions, it’ll also allow them to gain all the necessary support they need." Said Brendon, the founder of BigBrainBank.
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Journalist at BEAMSTART. I write about breaking business news in the region.
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