J.P. Morgan Private Bank has made an undisclosed strategic investment in Switzerland-based fintech firms Edge Laboratories and Evooq.

The fintech firms offer software that allow advisers to offer tailor-made portfolios for affluent clients.

Their softwares are designed to assess risk, creating and improving portfolios, as well as providing advisory solutions.

The firms offer their services to clients in Europe, the Middle East, Latin America and Asia.

They plan to use the new investment to accelerate their business growth.

Edgelab and Evooq CEO and founder Cedric Ullmo said: “With this investment, Edgelab and Evooq gain capital at a critical stage of growth for the companies that will help increase resources needed to deliver core portfolio products and initiatives.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With a combined workforce of 285 people, Edgelab and Evooq primarily serve large banks, wealth management entities and pension funds.

Since last year, J.P. Morgan Private Bank purchased fintech firm OpenInvest and made investments in Kraft Analytics Group and MioTech.

In August this year, JP Morgan concluded the purchase of Irish financial technology company Global Shares from Motive Partners.

The deal enabled the firm to provide Global Shares’ equity plan partners with a range of wealth management, executive financial services and other banking solutions.