Quick Information
Name of Startup: 1Finance
Year Founded: 2019
Website: 1finance.app
Type of company: Fintech apps
HQ Location: Barcelona
Startup Founders:
Soren Lanng
Startup one-liner:
Building the future financial trading apps for the 2B user retail segment
Problem the startup solves:
Programming of automated trading is no longer possible, AlgoView is the first platform replacing programming with no-code. The vacuum after Quantopian is thereby filled.
Providing the influence for entry level retail users, that present solutions do not provide. Two apps, as the next step after social trading and copy trading. The next after Robinhood and ETORO.
There are no solutions for the emerging 2B user retail segment, as segment major market players has as strategic focus, such as CBOE. But no one has platforms for this segment, such takes a decade to develop. What you see today, is what you have the next many years.
Progress and current status:
Patent protected AlgoView ready to launch, stealth Hamster + AlgoPlay within 2-3 months. This stack of technologies and derived trading apps representing a decade of deep tech development.
What is a crazy story about the startup?:
Bootstrapped.
What is a company the startup looks up to, and why?:
Binance, having a full featured trading API, the only true futures exchange accessible for retail users.
The company in four years will be…
Having made an exit, > 1B$ company. Probably in less than two years.
