Allio, a new Seattle startup building a robo-advisor investment tool for consumers, has raised $5 million. “We’re the first micro-savings tool that allows users to customize their investment portfolio using both traditional and contemporary asset classes in the robo space,” said finance vet Joseph Gradante, who founded Allio last year.
Gradante said Allio differentiates by taking a modern approach to portfolio management built for an artificially low interest rate environment, as opposed to traditional Modern Portfolio Theory (MPT) strategies.
The company’s investors include Liberty Partners. Allio, which has less than 10 employees, recently joined the WTIA startup program and is a graduate of Venture Out. Its CTO is David Chen, a former senior software engineer at Minted.