Fintech unicorn Raise Financial Services has acquired algo-trading platform Stratzy in a cash and stock deal. However, the parent of stock trading platform Dhan didn’t disclose the financial details of the deal.
Raise said the acquisition is in line with its plans to expand in the capital markets ecosystem. The acquisition will also allow it to introduce a managed and curated algo investing layer for Dhan users.
Post the acquisition, Stratzy’s leadership and other team members will continue to operate independently. The platform will integrate and partner with multiple broking platforms for providing algo trading services.
Stratzy will also focus on platform scaling through expanding its algorithmic strategies, strengthening execution infrastructure, and improving the overall user experience.
“Stratzy’s strength in algorithmic strategies and execution aligns closely with our vision of building a tech-first platform that empowers users with structured, system-driven approaches to the markets,” Raise cofounder and CEO Pravin Jadhav said on the acquisition.
Earlier this year, Raise launched its active trading terminal DEXT T3 and a small-language model Artham that powers its AI platform AskFuzz.ai for finance enthusiasts and capital market investors. It also owns and operates Upsurge and Filter Coffee.
(The story will be updated soon)
The post Dhan Parent Raise Financial Acquires Trading Platform Stratzy appeared first on Inc42 Media.
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