OTSO FinTech made a significant impact at the Singapore FinTech Festival 2023, where we proudly showcased SoFinX, our flagship product. The festival, held at the Singapore EXPO from November 15-17, was a focal point for innovation, especially in AI, Web3, and digital public goods in finance.
SoFinX stood out as a testament to our commitment to providing pioneering solutions for the global trading community. The theme of the festival, emphasizing the role of AI in transforming financial services, resonated with our vision of integrating cutting-edge technology into our products. Our presence was a strategic move to explore partnerships, investment prospects, and engage in critical industry dialogues.
The Success Story of SoFinX
SoFinX creates a collaborative ecosystem between two main players: Signal Providers, who devise and share trading signals with the public, continually refine their approaches, amass a following, and generate income; and Investors, who select and align with their preferred Signal Providers to execute trades based on those strategic signals. This dynamic creates an environment where Signal Providers enhance their earnings through successful strategies, while Investors streamline their trading activities for better efficiency.
Since its launch in November 2022, SoFinX has achieved a milestone of over $2 billion in trading volume as of June 2023. This marks an impressive 369% increase since its launch, illustrating the ecosystem’s dynamic growth and the financial community’s confidence in it.
Our CEO, Edison Tuan, highlighted SoFinX as a unique social trading system at the festival. It offers market liquidity and transparent, instantaneous data to investors. Leveraging an extensive collection of actual trading data, it guides investment decisions, benefiting financial experts and institutions.
Ruslan Salimov, our CFO, remarked on our engagement at the festival as a testament to our innovation in the fintech space. The presentation underscored our role in steering financial technology towards a more innovative and efficient future.
Celebrating a Pre-A Funding Milestone
We recently celebrated a gala night to announce the successful closure of a $3 million USD Pre-A funding round, a pivotal step towards expanding SoFinX’s global reach. This funding is anticipated to drive the platform’s innovative Wealth-Management as a Service (WaaS) through AI-driven data and the KOI (Key Opinion Investor) system, enabling investors to make informed decisions with a high success rate.
To learn more about SoFinX, visit: https://sofinx.com/