Leuven-based InvestSuite has raised €2 million in a seed extension round, led by PMV and joined by existing and new angel investors, management, and employees. Founded in June 2018, the wealthtech startup has raised €6 million to date.
The Belgian B2B company provides AI-based digital investment solutions to various financial institutions, which can then satisfy the growing expectations of digital-native customers and keep up with disruptive B2C fintech startups.
“The ball is definitely rolling,” said CEO and co-founder Bart Vanhaeren. “Wealth management is undergoing a large-scale digitalisation, and we are seeing great demand. We noticed that the pace of change has significantly increased during the last six to twelve months and are talking with financial institutions all over Europe, in the Middle East, Australia and even Brazil.”
Billed as “wealthtech-as-a-service”, InvestSuite’s products cover multi-asset trading (SelfInvestor), quantitative portfolio construction (Optimizer) and portfolio reporting (StoryTeller).
The new funding will go toward the startup growth trinity: expanding market reach, growing the team, and developing the product.
Photo: CTO and co-founder Laurent Sorber, CEO and co-founder Bard Vanhaeren