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EAST LANSING, Mich. — Aries Financial, a Detroit-based FinTech company, has secured an investment from Michigan Rise Pre-Seed Fund III.
Aries Financial offers a commission-free platform for trading stocks, options, and cryptocurrencies, designed to democratize market data. Alongside its full-service retail brokerage experience, the company is launching an open-source infrastructure platform that provides FinTech developers with the building blocks to launch and scale their own applications.
“Our investment in Aries Financial represents an exciting opportunity to support a brilliant, driven, and passionate founding team,” said Tommy Skinner, Director of Venture Investments at Michigan Rise. “Reda Falih and the team’s deep knowledge of the FinTech space and their vision for the company have the potential to provide substantial economic returns to the State of Michigan. Aries has the opportunity to disrupt the brokerage space with a novel platform technology as they build solutions that democratize the FinTech landscape.”
The investment from Michigan Rise will be used to enhance Aries Financial’s commission-free trading platform and facilitate their transition to a full-service brokerage.