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Moment Raises $78 Million After Signing Major Wealth Managers

Bloomberg reported that Moment, founded by former Citadel Securities quant staff, raised $78 million led by Index Ventures after partnering with Edward Jones, LPL Financial Holdings, and Hightower Advisors.

Summary

Moment raised $78 million in a funding round led by Index Ventures, according to Bloomberg. Bloomberg also reported on May 20 that the fintech was founded by former Citadel Securities quant trading and research staff and recently partnered with Edward Jones, LPL Financial Holdings, and Hightower Advisors. The update largely aligns with existing reporting on the company’s fundraising and commercial ties to major wealth managers.

Terms & Concepts
  • Fixed income: A category of investments such as bonds that typically pay set returns or interest over time.
  • Equities trading: The buying and selling of company shares, also known as stocks, in public markets.