MarketRiders, Inc.

wealthtech (retail)robo advisors

STATUS: Acquired/Merged
FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 01/05/2020

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About

MarketRiders is web-based investment management software that offers users to build, manage and rebalance their portfolios by utilizing the underlying concept of low cost index funds and ETFs.

Focus

PRODUCTS & SERVICES

Automated portfolio management platform for retail investors. It offers Do it yourself investing(DIY) software for users to make it simple and easy to do their retirement investments.

REVENUE MODEL

The company follows subscription plans, it costs $14.95 per month or $149.5 per year. Additional it charges trading fees which depends on the portfolio built by the users.

EXISTING PARTNERSHIPS

Partnered with brokerage firms Fidelity

Firstrade

Schwab

Scottrade

TD Ameritrade

and Vanguard

COMMENT

MarketRiders system which tracks the portfolio, updating prices daily, and sends email alerts for periodic rebalancing.

Traction

VALUATION / MARKET CAP:

$1.3 M in 2015

TRANSACTIONS VALUE:

$5 B

People

FOUNDERS

Ryan Pfenninger

Mitch Tuchman

Stephen Beck

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Mitch Tuchman

Stephen Beck (Founders)

Momentum

FUNDED

YES

TOTAL FUNDING

$200 K

DATE OF LAST FUNDING

Jan 2008

SEED & PRIOR FUNDING

$200 K

SEED CLOSED ON

Jan 2008

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2008

LOCATION:

United States

Views:

130 VISITORS | 252 VIEWS
LATEST FUNDING ROUND

$200 K

TOTAL EMPLOYEES
11-50

About

MarketRiders is web-based investment management software that offers users to build, manage and rebalance their portfolios by utilizing the underlying concept of low cost index funds and ETFs.

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!

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Momentum+
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People+
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