|Phone||+44 20 328 666 11|
|Description||Crowdsourced mutual fund|
|Seed, 3/2010 ||£20k|
CuteFund.com is a crowdsourced mutual fund. Like a usual mutual fund, it buys and sells stocks; the main difference is that CuteFund doesn’t have fund manager. All the users can vote for stocks, so the most popular stocks are bought and the less popular are sold instead.
The project is launched in beta at Geek’n’Rolla 2010. Users can vote for stocks and compete with Wall Street Analysts; CuteFund is in the process of obtaining the license. CuteFund is trading with real money but will be able to accept investments from users only after the license is granted.