QARAsoft

QARAsoft is a South Korean fintech startup founded in 2014 by Luke Byun, Katie Bomi Son, and Oh Jong-wook. The company develops and provides mobile-based asset management and investment advisory services using artificial intelligence and deep learning technology.

The firm's flagship product is KOSHO, a robo-advisor application that forecasts financial market movements. KOSHO's core deep learning engine, named "Market Dreamer," analyzes over 30 years of market history and 400 million data points to predict market trends for the upcoming week. The platform covers a wide range of assets, including over 30,000 global stocks, major financial indices, and cryptocurrencies across markets in Korea, the US, Japan, Singapore, and Hong Kong. The app was launched as a beta in May 2018 and officially released in March 2019.

QARAsoft's mission is to make investing more accessible and cost-effective for individual investors who may lack experience in financial analysis. The KOSHO app provides objective analysis and includes gamification features to improve user engagement. It initially launched in Korean and English, targeting retail investors in South Korea and Singapore. By November 2019, the app was available in 5 languages across 11 countries and had surpassed 130,000 downloads. The company faced early regulatory challenges in South Korea, which prompted its focus on overseas expansion.

Keywords: robo-advisor, financial forecasting, AI investing, deep learning, asset management, mobile finance, fintech, stock market analysis, cryptocurrency analysis, retail investors, Market Dreamer, KOSHO app, quantitative analysis, financial technology, investment advisory, market prediction