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The latest technology news in the wealth management sector from around the world.
Axyon AI
Axyon AI, an
Italian AI fintech company, has closed its latest funding
round this week, led by the US-based venture capital firm Montage
Ventures and accompanied by Techshop SGR, alongside other angel
investors.
The €3.9 million ($4.3 million) capital injection will catalyse
Axyon AI”s commercial expansion and technological development
initiatives, the firm said in a statement. The funding round will
provide €2.3 million in new cash, with the remaining €1.6 million
secured through the conversion of the convertible notes issued in
2022, subscribed by the “Rilancio Startup fund” by CDP Venture
Capital, ING Ventures and UniCredit, among others.
By integrating AI-powered insights and active indices, Axyon AI
said asset managers are able to navigate complex market dynamics
with greater precision and insight.
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