Financial forecasting startup Springbox AI launches its apps and raises M

Financial forecasting startup Springbox AI launches its apps and raises $2M

“The pandemic has hit people hard. They’re struggling and looking for alternate means of income,” Kassem Lahham, Co-Founder and Chief Strategy Officer of Springbox AI tells me via email. “This has led to a surge in the number of people creating new trading accounts. Unfortunately, around 96% of all self-traders end up losing money. Springbox AI will support both those new to trading and seasoned investors, by providing access to the information needed to make successful investment decisions.”

That’s the key right there, making smart decisions. Financial trading is a lot like gambling, never bet what you aren’t willing to lose. But with the right amount of AI-enabled sage advice, you might have just enough of an upper hand to make it worthwhile. It’s also extremely helpful that unlike many trading applications focused on experts who know how to interpret financial data, Springbox AI delivers fully transparent, easy to understand recommendations so that you can make the most of whatever trading service you are using besides.

The ROI on something like this is simple; better investing decisions equates to higher profitability. Make smarter decisions, make more money.

As a human person, the need for the quick buck has been ingrained since the beginning. There are plenty of examples throughout history, usually portrayed in television programs (which is where most of us get any semblance of a historical education) of humans attempting to take shortcuts to achieve financial success. It just doesn’t work like that. We have to put in the work, we have to think about things, and we have to make smart, educated decisions in order to succeed. Or we can just post a video of a Coke bottle exploding on Snapchat and rake in millions. But good luck with that.

“People have always chased after easy money, but it is a myth that has cost many of those people so much,” says Fayze Bouaouid, Co-Founder and CEO of Springbox AI. “We developed Springbox AI to help investors and traders succeed by providing them with valuable intelligence that is normally only available to big-name brokers. We have harnessed the power of artificial intelligence and put it to work providing actionable insights for all investors — whether they are seasoned or new to the world of trading.”

For your $49/month with Springbox AI you get market forecasting (real-time predictive analysis and instant notifications), smart signals (dynamic target profit module to keep your losses in check), live market screening (a pattern scan that delivers top 10 assets buy/sell list), intelligent trading news (real-time trading news and resources) and user-friendly UI (it better be). It’s a helpful set of features that will enable users to make smart trading decisions, not just relying on their gut.

While there is still some fear from us regular people when it comes to trading (there’s about as much in my Robinhood account as I spend a month on groceries), an app like Springbox AI in existence can only serve to help. For too long it seemed like the markets are a rich person’s game, inaccessible to those with more to lose. If we can smartly minimize those losses and make the most of what little we have to gamble with, that’s a win right there. While trading is not for everyone, at least we have a cheap option to gain insights before we start trading and assist us in making more money.

There’s a reason the markets tend to be a bit confusing, there’s a reason traditional financial investing tools are priced out of the range of regular people — those are the gatekeepers of the wealthy. Well, if we can pay $70/month for YouTube TV, then we can spring $49/month to get AI-powered financial advice to help us spend our time in our trading apps more wisely, to make more with less and to hopefully start to dig ourselves out of the financial quicksand so many of us are in.

Springbox AI is available now to download on Apple iOS and Google Android.

Embracing gamification​

All this considered, should this new generation of investors that treats the markets like a slot machine in a Reno casino at 2am be regarded with disdain for its approach? There would be those that would argue as such, viewing these traders as amateur players, disrespecting a storied industry. This would be a mistake. These investors are simply seeking to engage with an industry the way they know how, the same way they approach many aspects of their lives.

There are benefits to embracing the gamification of investing, the first being obvious at this point. It is encouraging investment activity. While the industry could do more to reveal the risks as well as the rewards; perhaps creating more engaging ways for younger investors to learn about investing in a relatable way rather through technical terminology. Education through investment tools that offer a lower risk ratio could be an option.

Investors tend to adhere to the common theme that investing real money is not a game, is not meant to be fun, and comes with real consequences. This is just not how this new generation of investors see it. It is and can be a game, money isn’t real, and there is fun to be had. Why not embrace that? Why not engage with that kind of mindset to create applications and processes that are tailored to that behaviour? Because of risk, naturally.