AI fintech company Moment completes $78 million funding, led by Index Ventures

Moment, an AI fintech company founded by former Citadel Securities quantitative traders and researchers, has announced the completion of a $78 million funding round, led by Index Ventures with participation from existing investors including a16z and Avra. Moment has established partnerships with institutions such as Edward Jones, LPL Financial Holdings, and Hightower Advisors, primarily providing AI automation infrastructure for fixed income and equity trading. The new capital will be used to accelerate the deployment and product expansion of AI in Wall Street trading systems. (Bloomberg)