Fortune Platform

wealthtech (retail)investment platforms

FOUNDING YEAR: 2017
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Fortune Platform is an investment advisory technology created for banks, brokers, fund managers and private bankers who want to deliver personalised investment advice without huge costs in headcount and technology. Our clients can deploy a robo adviser with infinite customisation of investment strategies at low cost and backtest their ideas before deployment. Unlike other robo advisers, the ideas behind the technology have been tested in industry before and we leverage on Cambridge University research for continuous R&D to ensure future sustainability.

MEDICI Analysis

Fortune Platform is an investment platform empowers sovereign wealth funds, institutional investors, family offices and individuals to customise their investment strategies and at lower costs. It also helps brokers, private bankers and fund managers serve a wider untapped investment community.

Focus

PRODUCTS & SERVICES

Online advisory and investments management platform

REVENUE MODEL

Annual license, usage fee (API calls), asset under co-management fee

MAIN CLIENTS

Financial advisors

Online brokers

Fund managers

Retail banks

Private banks

Insurance firms

Family offices

Pension funds

PRIMARY PROBLEM SOLVED

Everyone's beliefs, preferences and needs differ. Millennials in particular want to be empowered. We offer technology to personalise investment solutions and to enable investors to take control of their financial destiny. The solutions could be delivered at institutions (pension funds, family offices) or through institutions (banks, brokers and fund managers) to individuals. The sustainability of the technology is ensured through close links to Cambridge R&D.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

People

FOUNDERS

Dr Kim-Hwa Lim

BOARD MEMBERS AND ADVISORS

Gishan Dissanaike

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

Dr Kim-Hwa Lim (CEO); Gishan Dissanaik (Chairman)

COMMENT:

We combine strong Cambridge University pedigree with multi disciplinary,strong technology experiences to bring institutional level investment technology for deployment with our partners. Our strong links with Cambridge R&D ensures that the technology is sustainable for the future.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$750 K

USES OF FUNDS RAISED:

1. Hire software developers

2. Hire UI / UX designer

3. Hire data scientist / R&D researchers

4. Subscription to additional data sources

5. Travel / marketing / conference fee

6. Third party security / audit assurance

7. New web and app interface versions

8. Data subscription

EXIT STRATEGY

Trade sale or IPO

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 30 Sep, 2017

COMPETITORS:

Motif Investing

Quantifeed

Bambu

BASICS

FOUNDING YEAR:

2017

LOCATION:

United Kingdom

Views:

102 VISITORS | 156 VIEWS

About

Fortune Platform is an investment advisory technology created for banks, brokers, fund managers and private bankers who want to deliver personalised investment advice without huge costs in headcount and technology. Our clients can deploy a robo adviser with infinite customisation of investment strategies at low cost and backtest their ideas before deployment. Unlike other robo advisers, the ideas behind the technology have been tested in industry before and we leverage on Cambridge University research for continuous R&D to ensure future sustainability.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Fortune Platform is an investment platform empowers sovereign wealth funds, institutional investors, family offices and individuals to customise their investment strategies and at lower costs. It also helps brokers, private bankers and fund managers serve a wider untapped investment community.

Focus+
Momentum+
People+
For Investors+
Other+

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Fortune Platform

About

Fortune Platform is an investment advisory technology created for banks, brokers, fund managers and private bankers who want to deliver personalised investment advice without huge costs in headcount and technology. Our clients can deploy a robo adviser with infinite customisation of investment strategies at low cost and backtest their ideas before deployment. Unlike other robo advisers, the ideas behind the technology have been tested in industry before and we leverage on Cambridge University research for continuous R&D to ensure future sustainability.

Focus

PRODUCTS & SERVICES

Cambridge powered adaptive investments for passive and active investors: 1) Passive investors create personalised investment plans and invest in funds or ETFs to achieve their goals. A smart tool ensures that their goals are on target and prompts for portfolio rebalancing where necessary. An adaptive machine learning tool automatically creates the most optimal portfolio and yet personalised portfolio for each investor. 2) Active investors create thematic and smart Beta strategies to outperform the market. The existing backtest tool provides a realistic gauge on risks and performance of the investment ideas. An integrated portfolio construction tool ensure that optimal portfolios are created. To cater to different client segments, there are Lite and Pro versions in each module.

REVENUE MODEL

Annual license, usage fee (API calls), asset under co-management fee

TOP PROBLEM SOLVED

Everyone's beliefs, preferences and needs differ. Millennials in particular want to be empowered. We offer technology to personalise investment solutions and to enable investors to take control of their financial destiny. The solutions could be delivered at institutions (pension funds, family offices) or through institutions (banks, brokers and fund managers) to individuals. The sustainability of the technology is ensured through close links to Cambridge R&D.

PRODUCT DEVELOPMENT STAGE

MVP

KEY DIFFERENTIATORS

1) Cambridge University research spin off 2) Adaptive and smart through machine learning 3) Future sustainability assured through close links to Cambridge R&D 4) Tried and tested strategies at institutional level 5) Access to institutional level technology hitherto inaccessible to many

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

PRODUCT ATTRIBUTES

SaaS

White label

Customer facing

People

FOUNDERS

Dr Kim-Hwa Lim

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Kim-Hwa Lim

CTO: Foong Lin Loo

employee: Dr Kim-Hwa Lim (CEO); Gishan Dissanaik (Chairman)

FOUNDER: Dr Kim-Hwa Lim

TEAM COMMENT:

We combine strong Cambridge University pedigree with multi disciplinary,strong technology experiences to bring institutional level investment technology for deployment with our partners. Our strong links with Cambridge R&D ensures that the technology is sustainable for the future.

BOARD MEMBERS AND ADVISORS:

Gishan Dissanaike

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES