Make Trades and Investments with AIM
South Korean AI based management service AIM makes it possible for South Koreans to make trades and investments on their smartphones while at the same time-saving user’s money. AIM invests in ETFs in the New York Stock Exchange by monitoring the market to find signs of high-risk investments in order to avoid them. Therefore the goal of AIM is to bring in high returns while at the same time avoiding the dangers via the comfort of your smartphone. Think of AIM as a robot-advisor for investment advice right at your fingertips. Korea is estimated to cross $46 Billion AUM by 2022 in the Robo-Advisor Market.
AIM Partnerships
South Korean Startup AIM has a strong partnership with Korea Investment Holdings (KIH) which is the largest stakeholder of Kakao Bank. AIM is system-integrated with KIH’s brokerage subsidiary which allows users to quickly invest based on AIM’s advice through the mobile application. AIM’s beta service in 2017 was a success and they have become the largest registered investment advisor. AIM is one of the top South Korean AI based management services in Korea.
Investments currently are out of date. They are too expensive and offer low performance and can be at times very inconvenient to make investments. Especially in Korea where investment fees are twice that of the United States and sales commission is 4 times as much. AIM looks to make investing easier for everyone. Their automated investment service is direct to client and offers a 75% lower fee. This includes sales commissions, advisory fees, FX fees, brokerage fees, and Min. Tx Fees.
AIM in the first to market in Korea and is the only player offering a fully-integrated digital wealth management service. Also one of the first South Korean AI Startups. They even offer an in-app trading.
Currently, there are over 5,000 potential users on the waitlist for their commercial launch in Korea. Furthermore, they are looking to have over 70,000 clients by the end of 2018. Therefore, they will look to target the underserved retail investors first before moving on to SMB Enterprises and Institutional clients.
Finally, in 2017 AIM was selected for Startupbootcamp Fintech Singapore as well as raised $1.6M for its mobile trading service.
