Hedgeable

wealthtech-retailrobo advisorsartificial intelligence/machine learningcryptocurrency

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

Hedgeable is a web/mobile based private wealth management platform that allows investors to create an account with a minimum investment as little as $1 in 1 min. The platform leverages artificial intelligence and automated technology to provide customized and tax-efficient portfolios. Users can easily open a new account or transfer an existing account. Hedgeable accepts retirement accounts, taxable accounts, small business accounts, and many more. It has launched Hedgeable AI Lab that builds artificial intelligence applications in the fields of machine learning, natural language processing, deep learning, and data science for Hedgeable and partner financial institutions around the globe.

Focus

PRODUCTS & SERVICES

Hedgeable: It is a robo-advice based wealth management platform for HNW clients & Investors. It uses AI engine to customizes portfolios in over 5,000 ways for clients. The product features are customized asset allocation, automated and rebalancing portfolios, downside protection, account aggregation, socially responsible investing, access to alternative investments like bitcoin and venture capital, client rewards, etc. It provides API service that integrates with third-party application like banks, credit card firms, financial planning, lending, credit unions, education providers, and others. It allows developers to integrate their application with Hedgeable, which enables them to pull back client data and analytics, build custom UI and applications, and outsource wealth management capabilities to Hedgeable.

REVENUE MODEL

The company charges management fee in the range of 0.3% to 0.75%.

MAIN CLIENTS

Retail Investor

EXISTING PARTNERSHIPS

CircleUp

COMMENT

Using artificial intelligence, Tax Samurai automates tax-efficient portfolios, trading and transfers, and overlays downside protection on holdings Hedgeable can’t sell. It also aggregates financial accounts, real estate and private investments and can provide HNW investors with estate and planning tools. Hedgeable is one of the platforms to offer a full suite of 401(k) and small business investment options for clients.

Traction

VALUATION / MARKET CAP:

$11.67 M in 2015

TRACTION COMMENT:

Hedgeable has approximately $45 million in assets under management, and it uses those assets for an active investing and management strategy. (Jan 2017)

People

FOUNDERS

Mike Kane

BOARD MEMBERS AND ADVISORS

Dan Dall'Asta

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Pascal Bouvier

Route 66 Ventures

SixThirty

KEY EMPLOYEES:

Mike Kane (CEO); Matthew Kane (COO); Siddharth Sharma (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.75 M

DATE OF LAST FUNDING

Sep 2014

SEED & PRIOR FUNDING

$1.75 M

SEED CLOSED ON

Sep 2014

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2009

LOCATION:

United States

Views:

269 VISITORS | 568 VIEWS
LATEST FUNDING ROUND

$1.75 M

TOTAL EMPLOYEES
11-50

About

Hedgeable is a web/mobile based private wealth management platform that allows investors to create an account with a minimum investment as little as $1 in 1 min. The platform leverages artificial intelligence and automated technology to provide customized and tax-efficient portfolios. Users can easily open a new account or transfer an existing account. Hedgeable accepts retirement accounts, taxable accounts, small business accounts, and many more. It has launched Hedgeable AI Lab that builds artificial intelligence applications in the fields of machine learning, natural language processing, deep learning, and data science for Hedgeable and partner financial institutions around the globe.

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People+
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Innovation Programs

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