Robo-advisor Doomoolmori has received an investment of 400 million won (USD $354,000) from VC firm The Turning Point and other investors. Founded in 2005, the platform uses its algorithm named ‘Boolio’ to make fund investments.
Boolio is an affordable asset management service and was released in January this year and since then, the service has grown to over 5000 users. In addition to this, it’s ‘risk lock-down’ system assists investors manage risk of less and more stability to bring in revenue.
Doomoolmori says that it plans to use the latest investment to expand its service in various directions including retirement funds, private pension fund and variable insurance.
