Akros Technologies

About Akros Technologies

Akros Technologies, a fintech firm established in 2021 and based in Seoul, South Korea, is focused on addressing structural inefficiencies within the asset management industry through artificial intelligence. The company was founded by Kyle Moon, Jin Chung, and Justin Gim, who bring a blend of experience from the fintech, AI research, and traditional hedge fund sectors. Moon, the CEO, was previously the CSO and Head of AI Research at Qraft Technologies and was instrumental in listing active ETFs on the NYSE. COO Justin Gim has over nine years of experience in the hedge fund industry, including roles at Mirae Asset Global Investments. CSO Jin Chung's background includes researching Bayesian deep learning for autonomous driving at the Oxford Robotics Institute and positions at Intel.

The company's core business revolves around providing technology solutions for the financial industry, specifically through a data-centric, scientific approach to investment. Akros has developed a comprehensive, cloud-based platform for institutional clients that facilitates the engineering and management of investment indices. This platform leverages a massive proprietary data infrastructure, with over 100TB of historical data, and machine learning models to design and scale investment strategies. The business model targets institutional investors, financial institutions, and other fintech companies, offering a 'Portfolio Management as a Service' (PMaaS) solution. This all-in-one operating system enables B2B clients to launch their own exchange-traded fund (ETF) products without the need for their own in-house infrastructure and teams.

Akros develops and manages its own ETFs powered by its AI technology. A key product is the Akros Monthly Payout ETF (MPAY), which launched on the NYSE in May 2022 and aims for a 7% annualized target monthly distribution rate. This is achieved through the Akros Multi-Asset Index, which dynamically allocates across 19 different asset classes without using options or leverage. The firm's technology stack includes 'Alpha Intelligence' and 'Beta Intelligence' engines for creating equity and macro strategies, a GPT-based 'Index Engine' for generating index prototypes, and a fully automated operation engine. To date, Akros Technologies has secured $6.1 million in total funding over two seed rounds from investors including Z Venture Capital and PeopleFund.