KOSHO, Robo-Advisor App Performance Report
KOSHO app, which had been a #1 ranked Robo-Advisor app in South Korea (Play Store and App Store), recently released its 1 year performance results through infographics. Since its beta release in South Korea and Singapore last year (May 29th), KOSHO has expanded to 9 other countries worldwide, including Hong Kong, Singapore, Japan, and the United States.
QARAsoft (CEOs Luke Changhwan Byun, Katie Bomi Son) is the fintech firm behind KOSHO’s success. It utilizes the AI deep learning technology to analyze the past and current financial markets and provides critical insights to individual investors. Included in the datasets are market information on 21,623 items of stocks, indexes, and cryptocurrencies.
According to the number of downloads by country, South Korea is the highest at 84.7%, followed by Singapore with 4.2%, the United States with 3.5%, Japan with 2.2%, Taiwan with 1.5%, and the United Kingdom with 1.1%. The percentage of users by mobile operating system is 72% Android and 28% iOS. The percentage of users by gender is 72.5% male and 27.5% females. The most popular age group is 25-34 years old (male 24%, female 9.3%) and followed by 35-44 years old (male 16.7%, female 4.3%). 54.4% of the users are in the 25-44 age range.
The total number of financial quizzes (KOSHO’s unique gamification feature that shows whether a stock will rise or fall after a week) issued by users over the past year is 3,689,453. Considering the total number of KOSHO downloads is over 130,000, this means one user has solved an average of 28 financial quizzes.
This infographic report shows the top 5 most popular deep learning recommendation stocks and thematic portfolios by country. By looking at which shares or themes users look at the most, QARA can determine which financial information has the most popularity by users from different countries. In addition, the ranking of theme portfolios can help determine which specific investment products are in high demand. As economic and economic issues pertain sensitive information with each country, this ranking serves an important measure for individual investors.