Genesis Ventures, a coaching and angel investment platform for early-stage startups with a connection to Greece, is pleased to announce a recent pre-seed investment in Prometheus Technologies, an early stage fintech based in Silicon Valley, Athens and Malta intent on disrupting the asset management industry through personalization.
Prometheus’ mission is to enable everyone to have access to the kind of high performing, AI-driven investing which has previously only been available to hedge funds and high net worth individuals. The Prometheus platform also allows users to invest according to their personal values - ensuring that their investments are used to make positive changes in the world - and quantifies the impact of their investment choices on society and the world in general.
Prometheus delivers its solution via partners - typically banks, digital brokers, insurance and pension providers - enabling them to plug & play institutional grade investment solutions for their clients on their existing apps and platforms. Partners enjoy quicker time to market, a new revenue stream, cross-selling opportunities and reduced execution risk & cost of customer acquisition.
Prometheus’s leadership, its investors and advisors are highly experienced asset management professionals. Many of them are ex-Aberdeen Asset Management and the team are pioneers in machine learning investing. Grigorios Papamanousakis, Founder and CEO of Prometheus Technologies, says: “The world of asset management has long been the preserve of big financial institutions. Through our solution, we envisage redefining personalisation in asset management and, through our partners, delivering institutional grade investing to retail customers for the first time.”
“AI-driven alpha generation combined with the option for the user to invest according to their values and measure their investment impact is a game changer in the retail investing market.”, said Stergios Anastasiadis, General Partner at Genesis Ventures. “We recognised that the Prometheus founders are unique in combining deep asset management industry expertise with the technical accomplishment of having successfully developed and deployed machine learning based systematic investing platforms for several years. We thought that this was too good an opportunity to pass on”.
Angel Investor Nick Baltas, Managing Director at Goldman Sachs and visiting researcher at Imperial College Business School adds: “Machine learning based solutions such as Prometheus can help investors adapt their portfolios to respond to turbulent markets. I am truly excited by the potential which Prometheus offers the retail investor to help reach their financial goals in life in ways which were not possible previously.”