SAMCO Securities Limited, a fintech start-up headquartered in Mumbai is one of India's fastest growing companies in the Discount Broking Industry with over 1,00,000 customers. The company aims to solve problems of its customers at an affordable cost who actively trade or invest in the Indian capital markets with the use of algorithm, data science and artificial intelligence. SAMCO strives to provide some of the most unique margin products to enable its customers to make the most efficient use of their capital and dodge complex problems like high brokerage and inefficient capital allocation that plague the trading and investing industry.
Earlier in 2018, the company had raised $7.5 Mn (INR 49 Cr) in a Series B funding round from existing promoters and London-based investment management firm Bay Capital Investment Partners. Prior to that Series A funding of $3 Mn (INR 20 Cr) was raised by the company in FY 2016.
The various investment tools offered on SAMCOplatform such as StockNote and Rank MF, ease the process of saving and creating wealth.
About RankMF: RankMF is an innovative and first-of- its- kind research cum distribution platform in India that objectively and scientifically evaluates mutual funds schemes using proprietary algorithms and big data science considering over 20 million data points covering all available 1000s of mutual funds schemes for investors that would otherwise be humanely impossible. RankMF is Revolutionizing the Selection of “SAHI” Mutual Funds at “SAHI” time to guide regular Investors to know the “most important” investment guidance “kaunsa mutual fund sahi hai”.
About StockNote: StockNote is a first-of-its-kind, easy-to-navigate content streaming and trading platform that aggregates and delivers news and information about stocks and sectors across India.StockNote is powered by the proprietary Giga Trading Engine, which combines artificial intelligence with powerful computing and analytical technology. It identifies important facts, trends and patterns in the stock markets and presents them as simple, filtered stocknote feed stories.Its uniqueness lies in the ‘trading’ feature that allows users to not just consume information, but also trade at a single touch. Additionally, the user is also benefited with real-time assistance at every step.