Voleo
Mobile-focused fintech company Voleo Inc. specializes in smartphone STOCK trading apps for investment clubs, enabling users to form teams with people they trust to democratically manage a portfolio in publicly traded securities.
Voleo Inc. is privately held and is based in Vancouver, BC, Canada. Voleo USA Inc, is a FINRA registered broker-dealer, and is a wholly owned subsidiary of Voleo, Inc. Voleo USA is registered with the U.S. Securities and Exchange Commission and is a member of the Securities Investor Protection Corporation (SIPC).
History
Voleo was founded in 2013 in Vancouver, BC. Founder Jay Sujir, Chairman, recruited co-founders Mark Morabito, Executive Chairman, and Thomas Beattie, CEO to bring the concept to market. The company’s senior technology team is led by Anthony Tsui, VP Technology, and Gordon Jones, VP Product.
In October 2015, Voleo launched a simulated university trading competition in collaboration with Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), with the results announced in 2016. Over two thousand students participated in this inaugural event. Voleo was part of Accenture’s FinTech Innovation Lab London 2016. In the ensuing months, Voleo prepared its apps for live trading and commenced the registration of subsidiary Voleo USA.
In March 2017, Voleo announced the completion of US State registrations for its subsidiary Voleo USA. Most recently, Voleo presented its platform at Finovate Spring 2017 in San Jose.In October 2017,Voleo along with Nasdaq announced to launch equity trading competition.
Products
The Voleo stock trading app for investment clubs is available in the United States through the Google Play Store and Apple App Store. The Voleo app allows users to create clubs with 3-100 people, propose, discuss, and vote on trades. All customer accounts and assets are held by APEX Clearing Corporation, who are the fully disclosed carrying broker of introducing broker Voleo USA, Inc.
Voleo SimuTrader is a free investment club simulator available internationally through the Google Play Store and Apple App Store. The Voleo SimuTrader allows users to form investment clubs, propose trades, discuss and vote, track performance, and manage decisions in an entirely simulated environment.
Both Voleo apps track decisions made by club members and assigns a score to each member, known as a Definitive Return on Investment Decisions (DROID) score. This enables users to learn while feeding a community where top performing individuals as well as clubs can be followed in real time for investment ideas. These ideas can then be vetted with their trusted peers.