Allasso, a Geneva-based fintech providing data-driven analytics through a single interface for financial market professionals, has raised US$3 million in its latest funding round, led by Fuel Ventures.
The round, which included angel investors and follows earlier support from industry backers, represents a step forward in Allasso’s efforts to offer an alternative to legacy trading infrastructure, limited cloud adoption, and siloed systems.
Its API-first, web-based interfaces, which include chat integration, are designed to support data science in trading.
Co-founders Felix Euler, a veteran options trader, and Vadim Cissa, a data scientist, have over 30 years of combined experience in financial markets.
Allasso was founded in response to their frustration with the limitations of existing trading technology.
Its main product, Allasso Copilot, provides options analytics in a single interface, integrating backtesting, scenario analysis, idea generation, historical analysis, and risk management.
By leveraging 20 years of historical data, Copilot aims to provide a comprehensive view of markets quickly and intuitively, helping traders save time and manage risk more effectively.
The new funding will support Allasso’s commercial growth and its expansion into additional asset classes, including STIR and bond futures, ETFs, FX, single stocks, and crypto.
Felix Euler, Co-founder of Allasso, said:
“The trading industry has been held back for too long by fragmented and outdated systems. At Allasso, we want to change the game for financial markets professionals across the board and, among them, the next generation of data science-ready graduates who expect better trading tools.
“From hedge funds and brokers to systematic trading firms and to other asset classes, Allasso’s trading tools give professionals the clarity they need to make more rational and risk-aware decisions.”
Featured image credit: Fuel Ventures
