B2B wealthtech company InvestSuite has raised €3m in a new funding round to drive its growth.
InvestSuite’s current, reference investor PMV, who has invested an additional €800.000, as well as AB Accelerator, 365.fintech and other investors participated in the round.
With the latest financing, the company’s overall capital raised to date since establishment in 2018 increases to €9m.
InvestSuite CEO and co-founder Bart Vanhaeren said: “The opportunity for us is right now; The pandemic has strongly accelerated the digital wealth transformation journeys in our key financial services verticals, and our rapidly expanding global pipeline. The funding allows us to hone in on these opportunities.”
InvestSuite CTO and co-founder Laurent Sorber added: “Covid-19 has shown that we can remotely sell, build and deliver enterprise solutions to our global customer base.”
Headquartered in Leuven, Belgium, InvestSuite specialises in Cloud-native, modular WealthTech and InvestTech solutions for financial institutions.
The company’s welthtech offerings include a Robo Adviser, Self Investor, StoryTeller, and Portfolio Optimiser.
The firm enlarged its team of 25 people to 45 since March this year, recently making multiple senior hires to further fuel the expansion. It has bolstered its development and quant teams.
The company currently has operations in London, Sydney, Warsaw, Copenhagen, Madrid and Amsterdam.
In September this year, digital consulting firm Synechron partnered with InvestSuite to make the latter an integration partner for deploying its wealthtech offerings.
In June this year, wealthtech Finantix expanded its presence in Europe with the launch of its office in Belgrade, Serbia.
This February, private equity firm AnaCap Financial Partners agreed to buy Wealthtime, a British wealthtech platform with assets under advice of over €2bn ($2.4bn).