CommPRO Editorial Staff
RISE Wealth Technologies GmbH, a software technology company and provider of solutions for the implementation of trading strategies based on AI and ML, has announced its Broker-Dealer Collaboration Agreement with Entoro Capital.
As part of the collaboration, Entoro will lead the Capital Raise for the STO of RISE Wealth Technologies, who at present is financed with US $11 million. With a target issue volume of $120 million, the company plans to launch the largest European Security Token Offering (STO) to date.
“We are excited to be partnering with Entoro who has proven to be an experienced partner for companies within the FinTech industry”, says Stefan Tittel, CEO of RISE Wealth Technologies. “Their strong cross-industrial network has for years been a valuable asset to many partnerships. With the Broker-Dealer Agreement for Capital Raise we anticipate a great deal of mutually beneficial opportunities and synergies for both companies – with most of these benefits accruing to our clients.”
“RISE is led by serial-entrepreneurs with a strong management team and a proven trackrecord, which was crucial to us”, said James C. Row, Managing Partner of Entoro Capital. “A strong confidence in the team is paired with a shared belief that the future in asset management will be technology-driven. This makes RISE a perfect fit for Entoro.”
Source: Blockchain Wire