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Kuants gets seed funding from Delhi based angel investors

ANI  |  New Delhi [India] 

trading platform, Kuants on Thursday raised Rs. five million from based angel investors, Chopra and Ankush

The fresh funds will be majorly used to build up the Graphical User Interface (GUI) based online simulator, and acquiring high-end servers required for

"We see a huge potential in fintech space in and automatic algorithm trading platform an interesting bet. We are excited to work with team Kuants and believe that the use of algorithms by fintech firms has just started and will certainly reach the zenith in next few years," said Chopra.

The vision of Kuants is to make the domain of trading, in its entirety, more accessible in the Indian markets. This domain is often marred by blockages like lack of hardware/software infrastructure, lack of technical knowledge, and low clarity on concepts.

"We believe a lot more processes can be solved and made much easier in the domain of trading in the Indian With the aim of increasing the penetration of in at a nail-biting pace, we are developing complex systems and strategies so that the user doesn't need to waste his time figuring out a way to develop his trading system," said co-founder, Kuants, Ayush Gangwar.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 16:45 IST