“The concept idea was born in May 2013, the platform got online in October 2014. Rataran set up the trade sharing system: a virtual trading plaza where the investors can join the best traders, rated by their risk and reward ratio. The traders, through Rataran, obtains a great visibility, a certified track record and can earn from their trading activity splitting with Rataran the subscriptions monthly fee paid by the investors”. Said Giuseppe Calabrese, CEO and founder of Rataran, one of the exhibitors at FinTechStage Milan on 5th May.
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At the moment there is not a real competitor because other trade sharing platform do not yet exist. “There are many social trading platforms but usually built as Forex broker which want to increase theirs trading commissions joining the trading account of theirs customer to the trading account of the trader in order to copy their trading activity. We do not have this kind of conflict of interest. Our added value is the independent performance certification model and the trader selection process based on strong Risk Management rules”.
The target market includes about 650.000 customers. “Our target customers are all the people who have a trading account”. In Italy, a recent Survey of CheBanca! stated that there are 16.6 Million of Online bank account. 2.3 performed a trading operation in their life, while 1.1 Million completed a trade once a month. 650.000 use their trading account to operate on a regular basis
What do you expect from FinTechStage? “We are excited and proud to be at FinTechStage, I’d like to show our project to people who are able to understand our potential and willing to help us grow for the next years”.
Giuseppe is optimistic about the future of the Italian FinTech ecosystem, even if it’s still a long way to reach other countries in terms of investments. “Our perception is that things are changing in Italy. Last year venture capitals double the collected capital, with growing investments and operations. But Italy remains behind other European countries like UK France and Germany. The number of operators is still very limited even if it is growing. The challenge is to involve pension funds and insurance companies in this field. We are anyway confident the environment will keep evolving in the following years”.
The best goal they’ve reached since Rataran was founded was to raise the firs 100.000 € in only 30 days on a basis of a piece of paper. “This means that our investors strongly believed in the project and in our curriculum. This give us the strength to continue knowing to be on the right path”.
Next steps for Rataran? “We want to grow rapidly, so we have a very ambitious goal: raise about 2M euro to became leader in Italy and Europe of this new business area. I remember that only in Italy there are 1.1M of trading account and this represents the potential universe of trade sharing customers”.