Stockholm, Sweden – November 1st, 2018. Pentech Ltd - a fintech company pushing the envelope in wealth management today announced that the U.S. Patent and trademark office (USPTO) has granted it patent no. 10,112,162 entitled “Method and system of a target result optimizing application” two years after submitting the application.
Fredrik Karlsson, founder and CEO of Pentech Ltd, states “We are pleased to have received this patent and that our unique technology and next generation solution has been recognized. This new patent evidences the strength of our investment in Pentech Ltd and we are convinced that we will revolutionize the field of wealth management when it comes to determining risk. It also creates an important and sustainable competitive advantage and enables us to launch our cutting-edge technology globally which is a key component to the growing value of the Company.
This is a significant milestone and we look forward to further executing on our growth strategy, which includes the expansion of our commercial footprint, both organically and through expanded partnerships.”