AI enabled fintech company Qraft Technologies has closed a USD146 million investment from SoftBank Group Corp. (SoftBank), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.
AI enabled fintech company Qraft Technologies has closed a USD146 million investment from SoftBank Group Corp. (SoftBank), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.
Headquartered in Seoul, Qraft develops and operates deep learning-based algorithms that provide portfolio weight signals which can be alpha-generative. The company has demonstrated the performance of its proprietary AI engine throughout its NYSE-listed ETFs. Qraft also offers B2B AI solutions ranging from data processing, investment strategy discovery, order execution to investment analysis & reporting that create unique values for global asset managers.
Qraft plans to accelerate its global business by hiring top-talents and opening new offices across New York, San Francisco as well as Hong Kong.
