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French-UK fintech Automata raises $1.8 million

UK and France-based fintech Automata has raised $1.8 million in private investments as part of its ongoing Series A funding round. The money was raised through an equity token offering, enabling the public to acquire real equity in the company, BusinessCloud reports

Image credits: akt.io

Founded in 2017 by Gael Itier, Automata is a creator of akt.io, a wealth-centered neobank, merging AI-powered investment technology, decentralized finance and payment solutions. The platform enables customers to create wealth through automated investing, earn daily interest payouts with high-yield vaults, and pay directly with any owned asset using the world’s first Wealth Card. The company is aimed to develop the most cutting-edge financial technology to give its clients everything they need to generate wealth and live a richer life.

The raised funds will help the company to develop its product and to support the evolution of its own technology. Also, they plan to raise a total of $9 million in the future to support product development.

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