Unifimoney Inc. (Unifimoney), a San Francisco based full-service Digital Bank for young professionals, and Quantel AI Inc. (Quantel), a New York based InvestTech company, announced their partnership and launch of three new products as part of the Unifimoney investing platform. The products use Quantel’s AI and quantitative finance software to help mitigate risk and improve returns.
Unifimoney uniquely provides three levels of Robo-investing service depending on individual investors’ personal preference. All three options use Quantel’s proprietary AI engines to evaluate the risk profile of the customer and his/her stated goals and advise on portfolio selection by matching the offered investment strategies suited to meet the customer’s goals.
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The 3 Products are:
- TenjinAi Basic — Smart ETF portfolios matched to your risk profile with yearly rebalance
- TenjinAi Advanced — Smart ETF portfolios matched to risk profile with quarterly rebalancing
- TenjinAi Pro — Smart stock-based portfolios matched to risk profile with monthly rebalance
Unifimoney users are automatically enrolled in TenjinAI Basic at a cost of 0.15% per annum 40% cheaper than competitors. Users can then select either Advanced or Pro and move between them. Advanced and Pro cost 0.3% and 1.00% respectively per annum of assets under management.
Shyam Sreenivasan, Founder and CEO of Quantel, said, “Our platform enables consumers to get access to advanced technology and analytics that have typically been the exclusive preserve of major banks and hedge funds. We are very excited to partner with Unifimoney in offering our unique investment products to Unifimoney’s clients.”
Ben Soppitt, Founder and CEO of Unifimoney, said, “We are building the most comprehensive money management app on the market designed to give people more choice and better returns in how they manage their money. We believe Quantel’s AI is the next evolution for Robo-investing”.
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