ChaChing Inc.
MONETIZATION OF WALL STREET DATA - CONTENTS OF THIS REPORT ARE CONFIDENTIAL AND VIEWABLE BY INVITATION ONLY. PLEASE SEND ME A MESSAGE THROUGH ASKFORFUNDING IF INTERESTED
SUMMARY
ChaChing Inc is a start-up tech software company with a computer lab located near Boston Massachusetts. The start-up was built in a kitchen during Covid while with custody of two children. A major discovery was made while reverse engineering live data from the entire NASDQ and NYSE over a period of two years. A coding blueprint was designed to build a graphic user interface around the data revelations. The GUI was built, pilot tested and put into use. Software development has to-date been self-funded through commercial fishing, quantitative consulting, and day jobs. The Company specializes in construction of a proprietary quantitative Graphic User Interface to monetize live stock pricing data.
Many hedge funds achieve approximately 10-20% annual returns while some that are specialized achieve several 100 % annually. Hedge Funds and banks spend millions of dollars a year on PhD staff and to develop AI trading algorithms which seek to predict the future. ChaChing Inc has developed software that can compete with and beat annual % gains achieved by hedge funds such as Shanghai Banxia Fund (approx 258%) and the famous Medallion Fund (approx 75%) by taking a different quantitative approach.
ChaChing Inc develops AI-assisted quantitative trading software to target the billions of dollars being gained each day on Wall Street by whomever has the best software. Software development began in 2020, and software versions 1.0, 2.0 and 3.0 have been completed. When all components are in place, the software produces % gain results that beat the best known hedge funds by factors. Venture capital and/or partnership is being sought to pay off past coding costs, for ongoing development of existing software, and for scaling of operations. The reason to seek outside funding is that as a single parent using rent money to build the software, there have been challenges to keeping lights on, groceries on the table, paying for coding subcontracting, and ultimately having enough capital to jumpstart operations. As an example of challenges, a trading account is currently in use using blueprint principles, however Version 3.0 is in hoc with the coding company due to interruptions in commercial fishing work being used to generate own capital.
For initial round of funding request, a total of $90,000 of venture capital is being sought of which $35,000 will be utilized to pay off past coding costs, $20,000 for ongoing software revision, $10,000 towards initial patenting process, and $25,000 for monetization operations. To-date, approx $100,000 has been spent out of pocket to build ChaChing Inc. Future scaling may include private use of proprietary software internally as a micro hedge fund, or as a subscription based platform available to retail traders. ChaChing Inc could evolve into a worldwide tech company that recruits Uber drivers who currently utilize a $25,000 car to make $150 per day. For short-term scaling purposes Company software in its current form can utilize additional investment up to intraday $25 million (deploying $25 million multiple times intraday). With minor software coding revisions scale can be increased to intraday deployment of $25-75 million multiple times a day. The future goal is to exceed active intraday deployment of above $100 million.
Due to the proprietary nature of ChaChing Inc software, a non-compete non-disclosure form and other safeguards will be initially utilized.
Contact ChaChing Inc: Jonathan
Ready to Ask For Funding for your company?
Post a Funding Request