Raise Financial Services Acquires Algo-Trading Platform Stratzy

Fintech unicorn Raise Financial Services has acquired algo-trading platform Stratzy in a cash-and-stock deal. The acquisition aims to bolster Raise’s presence in the capital markets ecosystem and enable the introduction of a managed, curated algo-investing layer for its stock trading platform, Dhan.

While financial details of the transaction were not disclosed, Raise stated that the acquisition aligns with its strategic expansion plans. Following the deal, Stratzy’s leadership and team will continue to operate independently, focusing on integrating and partnering with multiple broking platforms to offer its algo trading services. The platform will also concentrate on scaling through the expansion of its algorithmic strategies, strengthening its execution infrastructure, and enhancing user experience.

Pravin Jadhav, co-founder and CEO of Raise, highlighted Stratzy’s expertise in algorithmic strategies and execution as a key factor in the acquisition, fitting with Raise’s vision of building a tech-first platform for systematic market approaches.

Stratzy, founded in 2021 by Gaurav Sangle and Mohit Bhandari, provides over 100 exchange-approved multi-asset algorithmic trading strategies across equities, indices, futures and options, and commodities. These strategies are developed using quantitative, AI, and system-driven methodologies. The platform had previously raised $800,000 in a pre-seed funding round led by Titan Capital.

Raise Financial Services, which became a unicorn in October last year after raising $120 million in its Series B funding round, has been increasingly focusing on algo-based investment offerings. Through its DhanHQ initiative, Raise has already introduced trading and data APIs to facilitate automated trading, portfolio management, and real-time market data streaming. The company also operates a marketplace for trading algorithms, which previously included offerings from Stratzy.

The acquisition of Stratzy is part of Raise’s broader strategy to expand its technology-led financial services. The company is also reportedly in talks to acquire wealthtech platform Infinyte Club for approximately $10 million. Raise’s portfolio also includes financial market information platform Upsurge, market research platform ScanX, and AI-driven trading insights platform FuzzAI.