Scottish fintech Butterwire gives online traders the edge
Direct online trading is the new darling of Fintech - with many new or emerging entrants offering super low cost or free online trading. But just because it's easier, doesn't make it smarter.
Enter butterwire (www.butterwire.com)
Butterwire is an "AI driven Equity Research and Portfolio Analyst." It helps investors make faster, better and smarter investment decisions.
The solution keeps track of portfolios, alerting and suggesting mitigation actions as conditions change, and the heavy lifting around analysis and insight generation.
We are very excited at the moment as we have just launched our crowd funding campaign - with 40% of target already met (Â£80K) within a few days. More on Crowdcube - www.crowdcube.com/butterwire
How was Butterwire created?
Butterwire is the brainchild of Raphael Fiorentino, and his 10 year mission to empower investors to make informed investment decisions. Raphaelâ€™s unique background in chemical engineering & statistics and fund management drove him to develop and refine a systematic way to use Quant, Fundamental, Macro and Technical market data to inform his own successful investment career.
Fast forward a few years, a lot of worn shoe leather, and an introduction via a mutual colleague, butterwire is now being built by a small team of talented and experienced software engineers and me, right here in Scotland.
Raphael - How would you describe butterwire?
In two words - Investor Power
2. Minimising Risk - by promoting diversification across stocks and minimising correlation 3. Being Kept Aware - informing you when things change (and they do), while helping to find alternatives.
Raphael - What would you say butterwire has achieved in this last year?
A year on from starting (Sept 2017) we now have: 1. A working and evolving application that went live in June 2018 - app.butterwire.com
4. A new website - with informative investing articles and a knowledge base around our investing model.
How is Butterwire different
What makes butterwire different for me itâ€™s the combination of the latest technology, fully leveraging the latest cloud services and machine learning capabilities, along with the industry expertise that both Raphael and the team bring. Only a few years ago - we would be unable to offer the service we can now, enabled by the advances in data processing, UI and scaleable on- demand cloud services.