Voleo Members Set New Record for Recurring Contributions as Women Investment Participation and Team Size Continues to Grow

VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Voleo Trading Systems Inc. (TRAD: TSX-V, VLEOF: OTC-QB) (“Voleo”, the “Company”), announces that its user community has set new record for account contributions while seeing club diversity and size grow.

In January, a record 65% of Voleo users contributed to their investment accounts leveraging Voleo’s simple recurring contribution feature. Voleo’s assets per funded user continues to grow with a remarkable 175% increase over the past year.

“We see our assets under management grow both from the addition of new clubs and incremental deposits from our current users,” says Glen Wilson, Interim CEO.  “This demonstrated confidence in our unique social investing platform reinforces our market position and fuels our growth strategy.”

At the same time, Voleo continues to attract investors with diverse experience and backgrounds. Users range in age from 18 to 85 and 46% are women.

Glen continued, “With women representing half the population they are traditionally underrepresented in the investment space. We’re very proud that 46% of Voleo’s users are women, much higher than the average in other investment alternatives. Voleo's collaborative trading platform with club-based democratic decision-making is perfect for women to invest in stocks and take steps to close the gender wealth gap.”

Voleo’s average investment club size has grown to 10 persons, as members refer and recruit their friends and family to collaboratively invest.

“Voleo’s viral social elements enables our users to use the Wisdom of the Crowd,” says Executive Chairman Mark Morabito. “This unique model also disrupts the traditional financial institutions customer acquisition standards. By attracting club founders who then recruit their team, Voleo’s customer acquisition efforts are reduced by as much of a factor of 10.

Voleo Selected to Exhibit at the MoneyShow

Voleo exhibited at the MoneyShow 2020 in Orlando which hosted over 4500 attendees. This unique event offered an opportunity to drive registrations by showcasing the Voleo solution to investors looking to hone their investing and trading skills. The event also offered an opportunity to connect with over 100 co-exhibitors and potential partners.

About Voleo Trading Systems Inc.
Voleo is a mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. As the only social investing app and end to end investment club solution, Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. The product is being white-labeled for financial institutions around the world as an innovative product to engage, retain and acquire retail customers.