Singapore based automated trading platform AlgoMerchant has raised a $2m funding round led by East Ventures.
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AlgoMerchant raises US$2M+, launches a robot trading platform to redefine the way we invest
During a nine-month long beta test period, the company claimed to have worked with “over a thousand” traders. Amongst a variety of algorithms available to users, the company said that the top performing algorithms on the platform were able to generate returns greater than 40 per cent annually.
