A Chicago fintech startup led by the co-founder of Redbox is opening a new local office after raising $100 million last year.
Halo Investing said Monday it has expanded to a new office in Chicago's financial district at 200 W. Jackson Blvd. The startup is taking up the entire 18th floor of the building, leasing about 18,000 square feet. The space features a lounge with pool tables, outdoor heated terrace, event space and fitness center, the company said.
Halo, founded in 2015 by Jason Barsema and Biju Kulathakal, has built an investing platform that allows financial advisors to add structured notes, annuities and buffered ETFs to their client portfolios. Those investments bridge the risk gap between stocks and bonds and act as insurance to protect portfolios around market volatility, the company said.
Kulathakal, Halo's CEO, co-founded Redbox, the Illinois-based DVD rental kiosk company that was acquired by Coinstar.
Last October, Halo raised $100 million in Series C funding. The startup, which at that time had 175 employees, said Monday it plans to hire another 100 in Chicago.
Along with its Chicago office, the startup has locations in Abu Dhabi, Zurich, Dubai and Singapore.
