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Financial forecasting startup Springbox AI launches its apps and raises $2M
Springbox AI, an AI-powered financial forecasting application designed to replace financial market investment service and aimed at the average financial markets trader, has launched on iOS and Android.
It’s been built by a team of founders who previously worked at Deutsche Bank, Credit Suisse, UBS and BNP Paribas. It’s so far raised $2 million in funding from private investors in Europe.
The app costs $49 a month, and includes a range of tools, including market forecasting; live market screening of stocks, forex and futures markets; and trading news.
Springbox AI co-founder Kassem Lahham said: “Most brokers focus their marketing by selling investors the dream or the myth of easy money, resulting in 96% of self-traders losing money and quitting. Using Springbox AI, traders will have access to an app that will help them succeed, focused on the data.”