PANews, May 20: According to Bloomberg, Moment, a fintech company founded by former quantitative traders and researchers from Citadel Securities, has raised $78 million in funding, led by Index Ventures, with participation from existing investors including Andreessen Horowitz and Avra. Moment has recently partnered with institutions such as Edward Jones, LPL Financial Holdings, and Hightower Advisors to provide automated fixed income and equity trading technology. The company states it has developed its own unified data model and regulatory-compliant control systems to enable investment management firms to securely deploy AI agents.
AI fintech firm Moment completes $78M funding round
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Summary
Moment, an AI fintech firm co-founded by former Citadel Securities quants, has closed a $78 million funding round led by Index Ventures, with Andreessen Horowitz and Avra also participating. The company now partners with Edward Jones, LPL Financial, and Hightower Advisors to provide automated trading tools for equities and fixed income. Moment says its platform uses a unified data model and regulatory-compliant systems to manage AI agents. The funding comes as funding rates remain volatile and the Fear & Greed Index reflects mixed sentiment across markets.
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