Investors are used to fintech companies that lose money and eat up cash. Insig AI continues to make a profit although it has fallen because of the significant increase in product development spending on its asset management software. The cash raised in the placing will enable the completion of the products in development and boost sales and marketing. This includes tapping the US market.
AI software spending is expected to be $23bn in 2020 and reach $126bn in 2025, while the asset management part of the market could exceed $8bn by 2026.
Insig AI has a pipeline of potential clients and i...
