Retail investor startup Streak AI Technologies Pvt. Ltd has raised $1 million (about Rs 6.94 crore) in a pre-Series A funding round led by early-stage venture capital fund 3one4 Capital, a top company executive told TechCircle.
Existing investor Rainmatter Capital also participated in the recent round.
In 2017, Rainmatter Capital, an incubator and investment fund floated by financial services platform Zerodha, invested $350,000 in a seed round in Bengaluru-based Streak AI.
The fresh capital will be used to expand the team, focus on the product road map and scale up the customer base, said Streak AI co-founder Harsha Manohar.
Streak AI claims to be the world’s first platform that enables retail investors to validate their tracking strategies and implement them live in stock markets. The platform’s interface facilitates the creation, backtesting and deployment of strategies in the capital market and allows for tracking of stocks and futures on National Stock Exchange (NSE), currencies, etc, Harsha Manohar said.
Founded in 2017 by Harsha Manohar, Vipul Divyanshu and Jayalakshmi Manohar, the fin-tech startup aims to “change the status quo of financial participation of retail investors”. The company said in a statement that Streak AI has garnered over 150,000 users and facilitated transactions worth over Rs 2,200 crore.
Recent developments in the fin-tech sector:
- June: Tech-enabled non-banking financial company LivFin is set to conclude a pre-Series A funding round.
- June: Lending platform MoneyLoji acquired InBlox to leverage blockchain tech.
- June: Fin-tech platform GroMo raised Rs 4 crore in a seed-funding round led by angel investors to strengthen its core technology and operations team.