Fintech

Allasso Secures €2.5 Million to Modernize Trading Tools

Allasso, a Geneva-based fintech company, has raised €2.5 million in a funding round led by Fuel Ventures, with participation from business angels. The company aims to use the funding to accelerate commercialization and expand its coverage to include futures, ETFs, FX, equities, and cryptocurrencies. Allasso was founded in 2022 by Felix Euler and Vadim Cissa, who bring decades of experience in financial markets and data science.

Product and Features

In the context of evolving trading tools, Allasso offers a cloud-native, API-first, and web-based interface. Its product, Copilot, integrates options analytics, backtesting, idea generation, historical analysis, and scenario management, providing a comprehensive view of financial data on a single screen. This system is built on twenty years of structured datasets, aiming to streamline data access and usability for traders.

Technical Specifications

Allasso’s platform is designed to address the limitations of traditional trading systems, which often rely on fragmented and outdated architectures. The company emphasizes compatibility with data science environments, allowing traders to integrate insights directly into their models rather than depending on static terminals. This approach aims to enhance real-time decision-making capabilities.

Market Context

The emergence of new trading solutions challenges the dominance of established platforms like Bloomberg and Refinitiv. Allasso’s focus on pre-trade analytics and risk management within a unified environment distinguishes it from competitors. Similar efforts are observed in Europe with BMLL Technologies and in the U.S. with Databento and Koyfin, which target market data and analytics through cloud-based solutions.