Financial forecasting startup Springbox AI launches its apps and raises $2M – TechCrunch

Springbox aiAn AI-driven financial forecasting application designed to replace the financial market investment service and aimed at the average financial markets trader has been launched Ios And Android.

It is formed by a team of founders who previously worked at Deutsche Bank, Credit Suisse, UBS and BNP Paribas. It has so far raised $ 2M in funding from private investors in Europe.

The app is priced at $ 49 per month, and includes several tools including market forecasts; Live market screening of stock, foreign exchange and futures markets; And business news.

Springbox AI co-founder Kasem Lahm said: “Most brokers focus their marketing by selling dreams or easy-money myths to investors, resulting in 96% of self-merchants losing money and giving up. Using Springbox AI merchants will have access to an app that will help them succeed in focusing on data. “

Springbox competes with trading apps like eToro, but eToro focuses on following a strong investor from social business and the community. Springbox is designed for slightly more sophisticated merchants, the founders say.