The current state of the cryptocurrency investing market is overwhelming and complicated, with tens of thousands of crypto assets. As the market is fast-paced and running 24/7, keeping up with market development can take time and effort for regular investors.
Additionally, due to its high volatility, cryptocurrencies can lose significant value overnight, and the industry has long been overshadowed by a history of scams, deterring many everyday investors.
Now, an AI-powered cryptocurrency investing app from Finland’s Ovoro aims to change this by making cryptocurrency investing more accessible, attractive, and less risky. The app offers a low-threshold and automated way for crypto enthusiasts and beginner investors to start investing in cryptocurrencies, making it as easy as investing in stocks and funds. Ovoro is a registered Virtual Asset Service Provider (VASP) operating under the supervision of the Finnish Financial Supervisory Authority (FIN-FSA), making Ovoro Finland's first fully automated crypto investing app.
Instead of offering countless customization possibilities as other automated trading apps, Ovoro takes user experience simplicity to extremes by providing users the option to buy or sell their cryptocurrencies, and the app automatically trades for its users 24/7. Ovoro users also don't need an external crypto wallet or a crypto exchange account. Investing is also transparent, as users can see their investment value in real-time, transfer money from their bank account to their Ovoro account, and withdraw their investments when they want.
Automated AI trading based on +10 years of cryptocurrency valuation data
Ovoro’s automated trading harnesses advanced AI to analyze market patterns, interpret historical cryptocurrency data, assess potential risks, diversify investments, and dynamically adjust trading strategies to protect and grow users' portfolios. Backed by over a decade of cryptocurrency market valuation data, Ovoro’s AI operates 24/7, automatically reacting to market developments. It buys when potential for value growth is detected and sells when signs of a decline emerge. Results show that during sharp downturns - such as a 10-20% overnight drop in Bitcoin’s value - Ovoro users experienced average losses of just 5%, demonstrating the platform's effectiveness in mitigating risks.
“We created Ovoro to give everyone, regardless of their experience or knowledge, easy access to the potential of investing in the cryptocurrency market - and make cryptocurrency investing more attractive to regular investors. The crypto market is known for its volatility, high risk, and unpredictability, and nothing can change this. But we make crypto investments as easy as investing in shares and funds because we believe they need to be simple, safe, and straightforward. Our AI, trained with 10 years of market data, has shown great investment results and has managed to safeguard investments and even make profits during market volatility,” says Ovoro CEO and co-founder Otto Laurila.
Cryptocurrency investing simulator offers a risk-free way to try out crypto investing
Ovoro allows users to test the service in Ovoro’s Simulator, a risk-free environment that allows users to invest virtual money in all of the service’s asset collections. The simulator accurately mirrors real-world cryptocurrency market trends, enabling users to experience the app's functionality and evaluate the results of AI-powered automated trading without any financial commitment.
Ovoro offers over 25 cryptocurrencies organized into eight expertly curated Asset Collections, making investing seamless and accessible. Users select their preferred Asset Collections and invest their desired amount, leaving Ovoro to handle 100% automated diversification. For instance, the Big Five Asset Collection includes industry-leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Solana (SOL). Meanwhile, the Green Asset Collection focuses on sustainable innovation, featuring eco-friendly assets like Algorand (ALGO), Cardano (ADA), EOS, and Solana (SOL), catering to those interested in environmentally conscious crypto investing. Ovoro charges no account setup or annual fees, offering a transparent flat rate of 0.15% per trade with no hidden costs.
Ovoro has been beta-tested by over 6,000 users. The app is currently available on iOS in Finland and also for Android in the Nordics and Baltics, and work is ongoing to expand availability.
The aim is to get its EU-wide MiCA-compliant registration by the summer of 2025, allowing further market expansion. Current investors include Icebreaker VC and individual angel investors, and the company is currently raising its Seed round.