The journey so far has been promising. Following the launch of InvestorAi in India in July last year, we announced it in the UK. Today we have over 23,000+ users and have some impressive logos like IIFL, and Paytm Money as partners. We already have operations and aaR&D center in Bangalore and have added a second lab in Hyderabad to incubate and foster new ideas. To better understand Bridgeweave’s mission and objectives, Nidhi Shail Kujur of Elets News Network (ENN) spoke to Akshaya Bhargava, Founder and Executive Chairman, Bridgeweave.
Ques: Can you briefly tell us about Bridgeweave?
Ans: Bridgeweave is a UK-based fintech firm. We focus on investments and use AI models to provide institutional-quality research signals and investment ideas to investors in equities and crypto to help them make better investment decisions.
Our products (InvestorAi for Equities and Crypto and Follow the Machine Portfolios) are 100% digital and low-cost, enabling autonomous wealth management, without having to rely on the advisory services of legacy wealth and investments world.
InvestorAi acts like an AI-powered personal investment analyst, giving investment ideas to retail investors, and helping them decide where to invest. InvestorAi Crypto provides similar ideas on digital assets and automatically does all the buying and selling.
Follow the Machine portfolios are machine-generated portfolios that rebalance automatically and are open for subscription by individual investors.
Ques: With what mission and objectives, was the company set up?
Ans: The Bridgeweave story started when I was the CEO of Barclays Wealth and Investments. I saw a lot of potential in artificial intelligence and thought the new technology could play an important role in creating a better wealth management model that could help people make better financial decisions through the intelligent use of personalized information.
The journey so far has been promising. Following the launch of InvestorAi in India in July last year, we announced it in the UK. Today we have over 23,000+ users and have some impressive logos like IIFL, and Paytm Money as partners. We already have operations and a R&D center in Bangalore and have added a second lab in Hyderabad to incubate and foster new ideas. We have our own FtM (follow the machine portfolios that are listed on Wealthdesk and smallcase, making it even easier for investors. We have just launched InvestorAi Crypto, which is one of its kind products, that will transform the experience for anyone who makes crypto investments.
Ques: What makes Bridgeweave different from its various competitors?
Ans: Our USP is to help our customers in making better investment decisions based on predictive signals along with sophisticated and high-quality information.
Ques: How will InvestorAi help your customers to make better investment decisions? What is the technology behind the application?
Ans: InvestorAi’s algorithms are predictive in nature andwe are the only AI product in the world that tells you how well its AI is performing. These factors make our product sophisticated, easy to understand, affordable, accurate, and predictive, which results in better investment decisions.
InvestorAi Equity has more than 4500 global stocks and 1500 ETFs in 15 markets. Our algorithms perform over 800 million calculations daily, and this is impossible for investors to reach on their own. There are around 600 live signals available at any given moment, with new ones getting added every day.
Our Crypto product covers 28 crypto currencies and provides strategies to take advantage of very short-term movements in the crypto market. It not only gives your ideas but also handles all the buying and selling for you. I believe it is the only product of its kind now.
Ques: Can you talk about the subscription model for InvestorAi?
Ans: InvestorAi is a free plan available for users who want to get an idea of how the app works. The user will see our signals with a small delay, and we ask you to pay a small premium (around Rs 800 a month) if you want the very latest signals on the same day.
Ques: How are you planning to expand your business in India?
Ans: India is an immensely strategic market for us and serves both as a market for our product as well as a delivery center, including a hub for the in-house incubation unit, Bridgeweave Labs. To increase our market reach, we have signed partnership agreements with well-known companies like IIFL, Paytm Money, and very recently Yes Securities. We are in discussions with several other partners in India, which we shall announce as and when they are concluded.
Ques: Your future plans in 2022 and beyond?
Ans: This year is important for us as we will have a new product and new customers using our products and solutions in India and as well as globally. We have launched a product for investors and asset managers for the crypto markets, to make their crypto investing easy. We know that the crypto markets have seen a major correction, but our AI strategies have held up well in this trial by fire and have proven themselves. Once the markets stabilize, it will be a great time for investors to enter.