United Kingdom-based investment platform, Lightyear, secures $23m in Series B funding to bolster its capabilities in the retail investment sector.
Lightyear Raises $23 Million for AI-Powered Retail Investing Revolution
Lightyear, a European investment platform, is set to revolutionize retail investing with its AI-driven strategy. The company has secured $23 million in its Series B round, led by NordicNinja, the largest Japanese-backed VC in Europe.
The new funding will be used to launch AI-powered market intelligence tools, democratize access to insights, expand into new markets, and develop comprehensive wealth management tools for retail investors.
The AI-powered tools include the 'Why Did It Move?' feature, which offers insights into why specific stocks or investments are moving, providing clarity on market movements and sentiment. The tools are designed to deliver expert analysis and financial news summarized within the context of each user's portfolio, making it easier for retail investors to understand the market.
Lightyear's mission is to remove barriers that restrict access to high-quality market insights, often limited by paywalls and subscriptions. By providing these insights free of charge, they aim to empower more people to engage with investing.
The expansion will see Lightyear enter three new markets: Sweden, Denmark, and Bulgaria. This move is part of a broader strategy to enable Europeans to build meaningful wealth through accessible investing tools.
Notable angel investors in the round include Markus Villig, founder of Bolt, who expressed excitement about Lightyear's mission to disrupt the market and help Europeans grow their wealth.
Martin Sokk, CEO and co-founder of Lightyear, stated that the round is a vote of confidence in the potential of investing in Europe. He believes that AI will play a powerful role in the future of retail investing in Europe.
Lightyear has demonstrated astronomical growth since entering the UK market and has given investors in 25 countries across Europe access to the world's financial markets. The platform has reached $1bn in customer assets, making it the fastest expanding investment company in Europe.
The UK Government is planning a consumer campaign to promote stocks and shares investments, aligning with Lightyear's mission to make retail investing affordable, simple, and accessible.
With this funding milestone, Lightyear further deepens its commitment to accessible investing and AI-powered innovation across the UK and Europe.
- Lightyear plans to utilize the $23 million Series B funding, led by NordicNinja, to develop advanced artificial-intelligence-powered market intelligence tools, available on ffnews.com, aiming to democratize access to financial news and insights for retail investors.
- The expansion into three new markets, including Sweden, Denmark, and Bulgaria, is part of Lightyear's broader strategy to provide accessible investing tools powered by artificial intelligence, helping Europeans build wealth through compliance with finance regulations.
