Aikido to raise €5M in Series A funding
Dublin-based Aikido recently stated that it aims to raise €5 million in Series A funding next year. The fintech startup aims to make investing accessible to individuals, thus functionally breaking the investment barrier. The capital raised in the round will be used to build its platform that let individual investors access quantitative finance and make data-driven decisions.
Aikido CEO Shan Monks O’Byrne said, “Traditionally, quantitative finance has been confined to elite hedge funds and sophisticated financial institutions. It has high barriers to entry because it requires a lot of coding and data science experience, financial knowledge, technology and capital.”
Founded in 2020 by Shane Monks O’Byrne, Tom Nolan, Conor Naylor and Dan Roberts, the company raised over $1 million in seed funding.
Commenting on the Japanese martial art that is the company’s namesake O’Byrne said, “Aikido is a calm, calculated martial art, with no scope for being rash or making decisions on the spot. In Aikido you use your opponent’s momentum against them. And in the world of quantitative finance, momentum is a very important investing indicator.”
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