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§ Private Profile · Dallas, TX, USA
Fintech company offering an automated algorithmic trading marketplace for retail investors and financial institutions, simplifying stock trading.
Based in Dallas, Texas, AlgoPear is a financial technology company that operates an automated algorithmic trading marketplace and provides an embedded artificial intelligence financial co-pilot for digital banking platforms. The platform allows retail investors to connect existing brokerage accounts to automatically copy pre-vetted trading algorithms, while also serving financial institutions with wealth management tools. The early-stage startup has onboarded over 4,000 users and maintains a team of 15 employees while pursuing a $2 million seed funding round. AlgoPear generates recurring revenue through subscription fees and API integrations, establishing strategic brokerage partnerships with recognizable industry entities such as Alpaca and TD Ameritrade. The company has also received backing from institutional investors, participating in the Techstars Equitech accelerator program to expand its retail investing infrastructure. AlgoPear was founded in 2019 by Ronnie Green, LaKeisha Turner, Ben Malena, and Johnathon Albercrombie.
AlgoPear has raised $2.0M across 3 funding rounds.
AlgoPear has raised $2.0M in total across 3 funding rounds.
AlgoPear has raised $2.0M in total across 3 funding rounds.
AlgoPear's investors include Lightship Capital, NOEMIS Ventures, Sunset Ventures, Headwater Ventures, Quantum Angels Venture Capital.
AlgoPear is a Dallas-based technology company founded in 2019 that builds Selene, an AI-powered embedded wealth-tech platform for financial institutions, particularly credit unions and small to mid-size banks.[1][2][4] It empowers these institutions to offer personalized investing, financial literacy, money management, budgeting tools, gamified rewards, and high-yield accounts directly within digital banking apps, solving challenges like member retention, deposit growth, and engagement with next-gen consumers such as millennials and Gen Z.[1][2][3][6] By democratizing access to AI-driven investment tools via APIs, AlgoPear helps everyday retail investors build generational wealth without needing separate apps or advisors, while enabling FIs to repackage its turn-key solution to drive revenue and avoid costly in-house development.[2][3][5][6] The company has achieved hypergrowth, onboarding over 4,000 users and expanding monthly recurring revenue with a 15-person team.[1]
AlgoPear was co-founded in 2019 by Ronnie Green (CEO), a former Schwab/thinkorswim product expert, quant-fund GP/CIO, and Profit.ly Top 100 trader, and Ben Malena (ex-NFL Dallas Cowboys veteran, ex-Ripple marketing lead, and founding marketer at Explica).[1][2] The idea emerged from their personal struggles: Green taught himself to invest after being denied basic wealth tools by advisors, turning $5k into $100k despite challenges, while Malena faced similar barriers as a high school teammate and friend.[2] They assembled a team of fintech veterans, including experts from PrecisionLender (acquired by Q2 for $510M), Dosh (acquired by Cardlytics for $275M), and credit union CEOs, to create Selene—an AI "co-pilot" embedding investing and financial coaching in banking apps.[2] Early traction came quickly, with hypergrowth in users and revenue signaling strong product-market fit.[1]
AlgoPear stands out in the wealth-tech space through these key strengths:
AlgoPear rides the embedded finance wave, where wealth-tech integrates into digital banking to meet demands for seamless, on-demand services amid the shift from branches to apps.[3][7] Timing is ideal as digital banking disrupts traditional models, with millennials/Gen Z prioritizing independence and FIs facing retention pressures from fintechs—AlgoPear's API solutions capitalize on this by turning banks into wealth-building hubs.[1][2][7] Market forces like rising AI adoption, financial literacy gaps, and deposit competition favor it, as evidenced by its Limex market map recognition as a leader in embedded investments.[3] It influences the ecosystem by partnering with credit unions globally, fostering innovation, and empowering underserved members through community institutions, ultimately expanding access beyond elite wealth management.[2][6]
AlgoPear is poised for continued hypergrowth by scaling Selene's API tools with more FIs, potentially capturing a larger share of the booming embedded wealth-tech market amid AI advancements and digital banking maturation.[1][3] Trends like personalized AI coaching, gamification, and regulatory pushes for financial inclusion will propel it, while expansions into new assets, global partnerships, and deeper analytics could solidify its frontrunner status.[3][7] As it evolves, AlgoPear may redefine how everyday people—starting from $5k struggles—access generational wealth tools through their banks, amplifying its mission to break financial barriers worldwide.[2]
AlgoPear has raised $2.0M across 3 funding rounds. Most recently, it raised $500K Seed in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2024 | $500K Seed | — | Lightship Capital, Noemis Ventures, Sunset Ventures | Announced |
| Jun 1, 2022 | $720K Seed | Noemis Ventures | Lightship Capital, Sunset Ventures | Announced |
| Mar 1, 2022 | $740K Seed | — | Headwater Ventures, Quantum Angels Venture Capital | Announced |