Jitta developed a proprietary algorithm that analyzes earnings reports and business metrics to rank how undervalued stocks are, with human analysts reviewing results to guard against anomalies. The company began as a freemium intelligence product serving serious traders and paying users across Thailand, Singapore and the U.S., but later paused paid subscriptions to focus on a consumer wealth fund. Jitta is trialing Jitta Wealth, a passive investment fund that will charge a 0.5% management fee and a 10% performance fee on profits, and plans to offer exposure to U.S., Thai and Vietnamese stocks. The firm says its predictions have outperformed the S&P in backtests and is awaiting SEC approval to launch the fund, which it expects to go live in Q2 and already has a roughly 20,000-person waitlist. Current headcount is about 25 employees; the company plans to use the new capital to hire engineers and business development and sales staff. Jitta intends to expand its stock analysis product into India and Singapore with local partners and hopes to launch overseas funds in about one to two years.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2019