Hardbacon, a mobile budgeting and investment tracking app, is developing a stock rating system, which will leverage artificial intelligence to help investors select stocks. Ratings generated by artificial intelligence will appear in Hardbacon's mobile application, and will also be made available under license to financial institutions desiring to use such ratings or to offer them to their respective customers.

"Many Hardbacon users asked us to tell them what to invest in", stated Julien Brault, CEO of Hardbacon. Until now we had refused, until one of our employees presented us with a promising academic article that he had written about the possibility of using artificial intelligence to generate predictive ratings. We are grateful that the NRC IRAP has agreed to support this project."

Source: Hardbacon

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"This agreement will allow Hardbacon to accelerate its growth while driving down fees in the online brokerage industry in Canada" stated Julien Brault, CEO of Hardbacon. “It's the best of both worlds, combining NBDB’s unparalleled platform and pricing with Hardbacon's financial decision support engine."

Under the terms of the deal with Hardbacon, Canadian residents who begin trading on NBDB will receive 20 free trades and pay $4.95 per transaction thereafter, while ETF2 trades will be 100% free.

More information can be obtained at: hardbacon.ca/national

Source: Hardbacon

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At the time of writing, the campaign has raised CAD $584,920 (excluding $358,400 which is currently processing) via 629 investors throughout Canada with only 28 hours left.

Hardbacon’s mission is “to make it easier to access to the stock market so that anyone can invest in the stock market based on their values”. The company has decided to adopt a “decidedly B2B business model”, which enables it to generate revenue by helping financial institutions acquire and keep customers in the investment segment.

One thing that really caught my attention was the inclusion of a product roadmap in the crowdfunding campaign’s materials:

Image: Hardbacon product roadmap June 2019-June 2021. Credit: FrontFundr (Fair Use).

Needless to say, those ambitious goals will keep Hardbacon’s CEO Julien Brault and his team busy for a little while.

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The partnership enables new Desjardins Online Brokerage customers to access stock data and insights within Hardbacon’s mobile application and its online investment course (free of charge). Investors will also be able to execute trades for free for up to one year with Desjardins Online Brokerage (up to a maximum of 10 transactions).

"The purpose of this partnership is to remove all barriers to investing in the stock market. Thanks to Hardbacon’s technology and educational content, combined with our own free tools, anyone can now become a self-directed investor" stated Louis D'Anjou, Business Development and Relationship Manager at Desjardins Online Brokerage.

Individuals interested in this offer can open an account at Desjardins Online Brokerage via the following link: hardbacon.ca/desjardinsoffer.

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Source: Hardbacon

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Fintech startup Hardbacon launches iOS app

Based in Montreal, Canada, Fintech startup Hardbacon, which mobile application is aimed at small investors, launched its equity crowdfunding campaign on Gotroo on June 22 with a funding goal of $150,000. The campaign allowed anyone to become a shareholder of the company for an investment between $99 and $1500. 361 individuals decided to buy shares, for an average investment of $693 per investor. In addition to the $ 250,000 funding obtained on GoTroo.com, Hardbacon received an additional $30,000 from digital agency Bulldozer, bringing the total of its round to $280,000.

The company will use the funds to build a AI-powered financial planning module, launch an Android version of its iPhone application and market its offering in the United States.

Source: Hardbacon

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Fintech startup Hardbacon raises $150,000 - partners with digital agency Bulldozer

The $30,000 investment is part of a strategic partnership between Bulldozer and Hardbacon. The two companies will work together to develop a new version of the Hardbacon mobile application. This partnership will also allow Hardbacon to release an Android version of its iPhone app next September.

Portfolio analysis and financial planning technologies will remain the sole responsibility of the Hardbacon development team, while responsibilities for mobile development will be shared.

"To be honest, if someone had told me we would work with an outside team last year, I would not have believed it. But when I met the guys from Bulldozer, I quickly realized that they were not in the business of selling development hours; I met entrepreneurs who want to build cool stuff and that have assembled one of the best digital teams in Quebec to do so. " stated Julien Brault, CEO of Hardbacon.

Since launching in February, the startup’s mobile app has generated more than 4,000 downloads. The app, which allows self-directed investors to better understand and manage their investments, is used to manage more than $70 million of assets, remaining in the investment accounts of its users. As of today, Hardbacon can synchronize with about 40 financial institutions and intends to add more.

Source: Hardbacon

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Fintech startup Hardbacon launches iOS app

“Millennials want the freedom to invest in what speaks most to them”, explained Julien Brault, Hardbacon’s CEO. “Everyone else in the finance industry offers something akin to cable, whereas we offer something similar to Netflix: a mobile app for $5 per month that provides access to all the tools and financial data that an investor needs to succeed in the stock market.”

The company raised nearly $70,000 during a spring 2017 crowdfunding campaign. It also received funding from Queen City Fintech, an American accelerator specialized in fintech. This relationship should help market the application in the United States. 

The new app has been noticed by Apple, which has included it in its list of “New apps we love” in the App Store.

Download the app on the App Store

Source: Hardbacon

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