Former Citadel quants raise $78M for AI system Wall Street wealth managers lacked
▼ Summary
– Moment, a fintech company founded by former Citadel Securities quants, raised $78 million.
– The funding round was led by Index Ventures, with participation from Andreessen Horowitz and Avra.
– Moment previously raised $36 million in July 2025.
– The company builds infrastructure for wealth management firms to deploy AI-driven trading tools.
A group of former quantitative traders and researchers from Citadel Securities has secured $78 million in new funding for their fintech startup, Moment. The investment round was spearheaded by Index Ventures, with continued backing from existing supporters Andreessen Horowitz and Avra. This latest capital infusion follows a previous $36 million raise in July 2025.
Moment is building a technology platform that gives wealth management firms something they have long lacked: access to sophisticated, AI-driven trading infrastructure typically reserved for elite hedge funds. The company’s core offering enables traditional financial advisors to deploy algorithmic trading strategies and portfolio optimization tools that were previously out of reach.
The system leverages the team’s deep expertise in quantitative finance and machine learning, translating complex models into user-friendly applications for wealth managers. By bridging the gap between institutional-grade trading technology and mainstream wealth advisory, Moment aims to democratize high-level investment strategies.
With this new capital, the company plans to accelerate product development and expand its engineering team, further narrowing the technology divide that has long separated Wall Street’s top quants from the broader financial advisory industry.
(Source: The Next Web)
