Why they are positioned to be the best
Allasso is uniquely positioned to disrupt the market by directly addressing the limitations of legacy tools. Finance market professionals often face an outdated, fragmented, and incomplete data and analytics stack that is siloed, hard to access, cumbersome to use, and fraught with complex licensing issues. Models are often operated locally, dependent on key individuals, lack standardization, and produce inconsistent results. Integration is typically unsecure, file/email-based, and fundamentally unscalable, leading to errors, friction, high costs, and missed opportunities.Allasso provides users with "superpowers" through pre-checked criteria, best practices in methods and data curation, and augmented productivity. The platform is described as the "once dreamed-of solution" by experienced ex-trading team members. Unlike traditional providers such as Bloomberg and Reuters, which offer generic solutions, Allasso offers sophisticated, tailored solutions that meet increasingly complex requirements, enabling them to gain market share.
Allasso's platform provides a complete, one-screen solution, eliminates repetitive manual tasks, and delivers instant answers, ensuring 360-degree market awareness. Allasso's key differentiator is its integration of historical analytics with live pricing and risk analytics in a no-code environment, setting it apart from competitors that often require scripting. The company is poised to seize opportunities from rapid digital transformation, unprecedented data growth, and advancements in AI/ML, as legacy providers struggle to integrate advanced technologies and innovate due to their outdated systems.
Strong Founding Team and Advisory Board
Allasso is backed by a strong founding team and advisory board with deep industry expertise and a proven track record. The founding team combines over 50 years of active trading experience and expertise in pioneering AI and machine learning, with deep market insights and successful implementation of innovative solutions.
Founding Team:
- Felix Euler (Founder, CEO): Has a long and successful career in derivatives trading and investing, having previously built and sold systematic trading infrastructure.
- Vadim Cissa (Co-Founder, COO): A former #1 Kaggle champion and rocket scientist, with over 10 years of experience in data science and banking, innovating alongside Felix.
- Andrei Kuminov (CTO): A visionary, problem-solver, and leader in driving cutting-edge solutions.
- Alexandra Nitka (Head of Sales): A seasoned energy markets broker and dynamic team builder.
Advisory Board: Offers strategic insight and industry leadership.
- Simon Collins (Investor Director): Has 30+ years in commodities, is a technology entrepreneur, and currently CEO at TradeCloud.
- Alan Duric (Director): Founder of Wire, with over 20 years in secure communication and successful exits to major tech companies.
- Jeremy Elliott (Advisor): Has over 20 years in the IDB space, focusing on scaling businesses and transitioning into SaaS for commodity markets.
- David Wender (Advisor): A tech entrepreneur with 20+ years of experience transforming financial markets.
The team's extensive experience in the highly specialised and regulated financial sector, coupled with their background in early-stage development, positions them strongly to address the problem.
Market Size
and Opportunity
The market size and opportunity for Allasso are substantial. The Total Addressable Market (TAM) for financial data and analytics is projected to reach $34 billion by 2030. The Serviceable Available Market (SAM) is estimated at $15 billion, with a Serviceable Obtainable Market (SOM) of $2 billion. Despite the large market size, significant opportunities remain untapped, particularly as legacy providers fall behind in innovation. Allasso aims to capture a notable share of this burgeoning market by leveraging cutting-edge technology and deep industry expertise.
Allasso's target customer base includes approximately 40,000 asset managers globally, with about 4,000 potential clients in Europe. While currently focused on the commodities market, Allasso plans to expand into other asset classes such as short-term interest rates, crypto, single stocks, and leveraged ETFs. Their primary target is Tier 2 firms that lack extensive in-house capabilities.