Cassia Research
wealthtech-retail . financial research
FOUNDING YEAR: 2013
LOCATION: Canada
Last Update: 08/09/2020
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About
Cassia Research Inc. is a quantitative investment research firm founded in 2013. Cassia Research Inc. is a pioneer in designing and implementing investment strategies that can change and adapt in response to today’s rapidly shifting market conditions. Machine learning and statistical techniques such as PCA, SVM, Bootstrap, and Convex Optimization are used to build regime switching trading models and portfolio optimization algorithms.
MEDICI Analysis
Cassia Research Inc. is a quantitative investment research firm founded in 2013. Cassia Research Inc. is a pioneer in designing and implementing investment strategies that can change and adapt in response to today’s rapidly shifting market conditions. Machine learning and statistical techniques such as PCA, SVM, Bootstrap, and Convex Optimization are used to build regime switching trading models and portfolio optimization algorithms.
Focus
PRODUCTS & SERVICES
Portfolio Mnangement, Risk Management, Dynamic Rebalancing
REVENUE MODEL
SAAS monthly fee per advisor/wealth manager.
MAIN CLIENTS
Retail investors and banks
PRIMARY PROBLEM SOLVED
Huge amounts of time saved for wealth managers, powerful portfolio modeling, and significantly improved prospecting.
INTELLECTUAL PROPERTY
Patent(s) NOT_FILED
company provided insights
Traction
REVENUE COMMENT:
Our initial users are beta users, so they have received a significantly discounted price.
NUMBER OF TRANSACTIONS:
20.00
ACTIVE USERS:
20
People
FOUNDERS
Jesse Chen
BOARD MEMBERS AND ADVISORS
Jean-Marc Bougie
Peter Smyrniotis
Henry Bee
Jesse Chen
NUMBER OF EMPLOYEES
1-10
INVESTORS:
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
1
TOTAL FUNDING
$400 K
DATE OF LAST FUNDING
2016
SEED & PRIOR FUNDING
$400 K
SEED CLOSED ON
Mar 2016
SEED PRIOR FUNDING COMMENT
We are in the middle of our second fundraising round, with more $400,000 in the bank out of a total of $1,000,000 target for this round.
LISTED
NO
Innovation Programs
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Cassia Research
About
Cassia Research Inc. is a quantitative investment research firm founded in 2013. Cassia Research Inc. is a pioneer in designing and implementing investment strategies that can change and adapt in response to today’s rapidly shifting market conditions. Machine learning and statistical techniques such as PCA, SVM, Bootstrap, and Convex Optimization are used to build regime switching trading models and portfolio optimization algorithms.
Focus
PRODUCTS & SERVICES
Portfolio Management, Risk Management, Dynamic Rebalancing, Volatility and Drift Alerting, Prospecting
REVENUE MODEL
SAAS monthly fee per advisor/wealth manager.
TOP PROBLEM SOLVED
Huge amounts of time saved for wealth managers, powerful portfolio modeling, and significantly improved prospecting.
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
-We have a very ambitious team, and an aggressive road-map, driven by user and prospect feedback in the wealth management realm.
KEY DIFFERENTIATORS
-Multivariate Garch leveraged in Risk Engine. -Superior risk questionnaire system. -A consolidated platform, easing log in fatigue.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
Small and Medium Business - Online Retail
Small And Medium Business - Other
STRATEGIC CLIENTS AND PARTNERSHIP
Quovo : Partner - integration
Quandl : Data - integration
Traction
REVENUE COMMENT:
Our initial users are beta users, so they have received a significantly discounted price.
NUMBER OF TRANSACTIONS:
20.00
ACTIVE USERS/ACCOUNTS:
20 Million
LIVE USERS/TRANSACTIONS:
No live users/transaction yet
CHANNEL STATUS
INITIAL CLIENTS
NUMBER OF CLIENTS OR PAYING CUSTOMERS
12
People
NUMBER OF EMPLOYEES
11-50
TEAM COMMENT:
Our team is very hungry,,very talented, with team profiles available in the pitch deck, provided upon request.
BOARD MEMBERS AND ADVISORS:
Henry Bee, Jesse Chen
INVESTORS:
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO
FUNDING SERIES
Seed
Mar 2016
USD400 K
at a USD4 Mvaluation
Comment on Seed
We are in the middle of our second fundraising round, with more $400,000 in the bank out of a total of $1,000,000 target for this round.