Bridgeweave aims to empower individual investors with DIY AI powered app
Bridgeweave, a fintech firm founded by Akshaya Bhargava, founding CEO of Progeon (now Infosys BPO) is looking to democratize the world of personal investment through the launch of its mobile app InvestorAi, an AI-powered personal investment analyst for retail investors, using AI algorithms that have been trained for global equity markets.
Says Akshaya Bhargava, Chairman and Founder, Bridgeweave, “We aim to empower the individual investor with the same knowledge and technology that institutional investors have. Our AI-powered algorithms can analyse each stock in equal depth, giving access to the same high-quality research that has historically only been available to institutional investors. Our objective is to reduce the investment information gap for investors by giving them same high-quality predictive market insights from a mobile app that top hedge fund managers and investment bankers get from their team of research analysts.”
Bhargava says that the combination of computing power and AI has given the firm the ability to crunch and analyse huge amounts of information and find key patterns exhibited by stocks. The company’s algorithms cover over 4500 global stocks and 1500 ETFs in 15 markets performing over 800 million calculations every day. The AI-enabled algorithm learns and unlearns based on its efficiency. As more data gets ingested each day, the algorithm is expected to improve further.
From an equity market perspective, India is an underpenetrated market. India’s young population is changing the mindset for investing. Says Bhargava, “I think today’s digital generation is going to drive the world in a different direction because today’s digital investors don’t like advisors. They want to do research themselves, they want everything on their mobile phone and they want to find out their own stocks. The future is bright as India has a huge population, and is extremely digitally savvy.”
The InvestorAi app is already clocking an impressive number of downloads, and the company is trying to maintain the momentum by tying up with large online brokerage houses and wealth managers.