Alio, A Seattle startup that builds a robotic advisor investment tool for consumers, has raised $5 million. “We are the first micro-saving tool that allows users to use traditional and modern asset classes in the robotic space to customize their portfolios,” said the financial veterinarian Joseph Gladant, He founded Allio last year.
Gradante said that Allio’s difference is that it uses a modern portfolio management method built for an artificially low interest rate environment, rather than traditional Modern portfolio theory (MPT) strategy.
The company’s investors include Liberty Partners.Allio with less than 10 employees recently joined WTIA startup program And is a graduate Venture out. Its CTO is David Chen, Used to be a senior software engineer at Minted.