Swiss Fintech Startup Algotrader closes CHF 3.7 million Series A Round

08.01.2020 15:00, Gianmaria Sbetta

AlgoTrader AG, a leading Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, has completed a new financing round led by an undisclosed global Tier 1 bank and was joined by investiere, BlockChain Valley Ventures and the seed-round investor NeueCapital.

Founded by Andy Flury in 2014, the Swiss Fintech startup Algotrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. Growing rapidly, the company employees today more than 25 employees and has its headquartered in Zurich with additional offices in four different countries including the financial hubs New York and Singapore. The new capital injection of CHF 3.7 million will accelerate the company's growth and strengthen its position in existing markets. 

The CEO Andy Flury was selected in 2017 among the 10 best Swiss Fintech startups to participate in the Venture Leaders Fintech roadshow in New York: #vleadersFintech: Meet Andy Flury of AlgoTrader. Moreover, the company made it into the TOP 100 Swiss Startup Award for the first time in 2019.