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Investing has become mandatory for those who want to secure their financial future. There are very few options for people who want to put their money into work, despite this need. will change this and democratize the world of investing.

Why do you need to invest?

With current accounts offering zero returns and savings accounts offering close to zero returns, investing has become mandatory if you don’t want inflation to chew up your financial future. The problem with investing is that it is scary and carries a lot of risk.

Despite the plethora of investment platforms on the market today, investing remains for those who know how to navigate this world with confidence and actually make a profit from the bets they make. This is not about investing in stocks or traditional assets. As you add newer asset classes to your mix, like crypto and crypto staking (or other investments), the gap between investors who can access and profit from investments will widen.

Then you also have the problem of choosing between growth and spending. Even those who are experts in investing face the dilemma of whether their money will grow or be able to pay for it.

Considering the fact that all people would like their money to grow, with a global wealth management market estimated to be worth over $75 trillion, should it have to be this difficult to put money to work?

A fintech challenger sees an opportunity

The fintech company Automata was founded by Gael Itier in 2017. Gael Itier is a French Computer Scientist. He graduated from Ecole Polytechnique. At the time, he was working at a German Neobank. He developed trading algorithms and established and grew the wealth management department. Gael realized that the same algorithmic trading that was used to manage high-net-worth clients’ investment portfolios could be applied to retail markets, when combined with fractional investments and assets.

The motivation for Gael was to democratize the world of investing and offer investment solutions that would help clients grow their wealth and have it working for them at all times, while at the same time keeping it accessible for payments.

In 2018 Automata Network Ltd. was incorporated in the UK. Based on their success with traditional financial markets, the company developed a robo-advisor to the crypto market. This year, the team also began the process of combining advanced wealth management tools such as algorithmic trading or crypto staking with payment services.

The team realizes that in order to bridge the gap between the investment solutions they want to offer, and make it possible to easily liquidate the invested capital, they need an asset exchange able to execute very rapid fractional exchanges between a variety of asset classes on the same platform. The team develops a multi-route asset exchange called the WealthHub. This is the heart of their investment platform.

The WealthHub technology they develop is powered by a proprietary algorithm that’s created in-house by Gael and his team. It allows users to exchange assets almost immediately between all of the asset providers that are connected to it. Users will be able make fractional trades between different investments and assets, such as crypto, shares and crypto lending platforms.

Thanks to the WealthHub, the scope of possibilities grows rapidly and by signing a partnership deal with an international payment service provider, users will soon be able to directly pay with any owned asset, with an automated exchange taking place in a few seconds between the asset and the currency requested by the merchant.

The goal is to make it possible for users to pay with money that’s always working for them and essentially, head down to Starbucks and pay for a coffee with crypto, gold or any investment they prefer.

In 2020 rebranded itself to and after years of development the wealth app will soon be available for users in key European markets. will during the fall of 2021 launch their Aktio Coin ICO that will be the final step before the wealth app launches in 2022.

The team said: “It’s been a long and challenging ride but even though winter is approaching rapidly, we can all see the light at the end of the tunnel. Because after years of development we hope that we have found the solution for the millions of retail investors who until this day have not been able to access the most effective tools for securing their financial future.”

The Team

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Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.

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Bank Protests and Holdups Continue to Rise in Lebanon, as Depositors Demand Savings

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings

On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. Although a few Lebanese have been forced to fork over their savings, most of the residents have fled or been arrested without any money.

Lebanon Banks Respond to Protests and Gunpoint Requests from People Wanting Their Savings Back

In August 2019, it became apparent to the world that Lebanon was suffering from a liquidity crisis, and there have been many reports that say financial coverups and U.S. sanctions put Lebanon’s economy in a vice grip. It has been reported that by late 2018, a handful of Lebanese commercial banks froze people’s accounts and by the first week of March 2020, Lebanon said it would default on its Eurobond debt.

The country began seeking restructuring agreements. However, Lebanon’s lira rate diverged from the black market rate in August . A report published in August 2022 details that the “black market rate is what the currency is actually worth now.” In June 2022, News reported on Lebanon’s inflation rate surging to 211% which highlighted the economist Steve Hanke, who said the country should leverage a currency board.

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings
Lebanese soldiers who are still able to make a living as enforcers protect Lebanon’s central bank and current politicians.

On Dec. 17, NPR columnist Ruth Sherlock described how poverty-stricken Lebanese have been outside of banks protesting in order to get access to their own savings accounts. In Tripoli, Lebanon at an IBL Bank branch, Sherlock said a 53-year-old woman named Zahra Khaled sat in a wheelchair and would not leave the bank until the staff gave up her life savings. Sherlock reports that Khaled said the bank had frozen “tens of thousand dollars”.

Sherlock explains that Khaled’s protest was “one of the gentler tactics” and that some are using real or toy guns in order to recover their money. The NPR reporter does note that some Lebanese who resort to this tactic only want “what they are owed.” Countless reports, littered all over the internet, confirm Sherlock’s account that says Lebanese bank accounts have been frozen since 2019, since the onset of Lebanon’s economic collapse. In 2020, angry depositors and protests got so bad that the commercial banks armored the fronts of specific branch buildings with steel and cement walls.

Reuters reported in Sept. 2022 that “bank holdups snowball in Lebanon as depositors demand their own money,” as these types of acts have become a normal occurrence in the country. Reuters elaborated that five depositors held up banks in order to access their own funds and some depositors managed to get around $60K, while some people were taken into custody. In Nov. 2022, Al Jazeera detailed that banks in Lebanon reopened for two weeks. Al Jazeera was told by a Lebanese photographer that he had been waiting for a cheque to be cashed for over two weeks.

Sherlock’s reports stated that Khaled had negotiated for hours with the bank staff but they eventually left. Khaled was then taken out by the Internal Security Forces, Lebanese police who are also known as the ISF. Lebanese depositors have protested at banks such as Bank Audi, IBL Bank and Blom Bank. On Dec. 16, Reuters reported that a U.S. court of appeals has decided that Lebanese commercial banks can be tried outside Lebanon.

What do you think about Sherlock’s report that says Lebanese citizens are resorting to trying to get their funds at gunpoint and assembling protests in front of Lebanon’s commercial banks? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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