Involio: Ryan Pace And Ian Watson Launch A Social Investing Platform To Combat Fraudulent Gurus

Involio, the 15-month-old social investing platform changing how people invest and consume financial content, is growing nearly 10% a week, founders Ryan Pace and Ian Watson said in an interview fresh after raising $1.4 million from the likes of Craig Weiss of Flagstaff Ventures.

“Users with proven track records share their trades to subscribers,” Pace said on how the platform works. Watson, who Pace brought on to be a co-founder and help grow the company, added that the inspiration behind his joining was Involio’s commitment to fighting “social media guru frauds.”

"I am humbled and excited to have the opportunity to architect and build Involio, CTO David Anderson noted. "There's definitely been some late nights, long weekends, and a lot of coffee to make this happen with such a small team."

Also Read: Maverick Entrepreneur Michael Gruen Sets 'New Standard' For Consulting Firms And Startup Incubators With AI-Enabled DominateX

Less Thinking, More Doing

“I believe that many people, especially in our generation, don't want to think for themselves when it comes to investing,” Pace explained, adding that the initial reaction has been very positive. “We are growing due to users promoting Involio on social media unsolicited. For instance, someone in Egypt promoted it to 114,000 followers. There are many other stories like that.”

As a validation of Involio’s power, Pace gave examples of traders who have joined and quit their regular day jobs to trade full-time.

“Several users on the app have a success rate of 95% or higher,” he added, pointing to Involio cutting down traders’ deep research. “A young student from Spain retired his family. The platform provides a place for individuals like him to showcase their abilities and stories with proof, which they may not be able to do on social media platforms like Twitter.”

Upside For Successful Traders

Involio will verify trades in real-time and offer the most profitable traders extra monetization opportunities, including earning a percentage of profits from replicated trades.

“To monetize trades, one would need to go through a tedious process of growing social media following, creating a website, and running ads,” Pace said. “However, with Involio, a user can build a track record, become a trending user, and monetize trades without spending money or having a social following. The trending page helps users become aware of one's profile.”

Partnerships And Integrations

In the coming months, Involio will scale through integrations with platforms, like OKX, looking to boost their social investing functionalities, as well as attract finance influencers and their followers.

“Our platform uses pre-established people, with notable backgrounds, to draw people,” Watson said. “Our platform tackles this issue in a way no one else has.”

Now Read: Goodbye Ben, Hello Karia: WonderFi Co-Founder And Anti-Slavery Advocate Changes Name