Munich-based fintech wealthpilot has raised €8 million to continue developing its SaaS platform for wealth management. New investor Seventure pitched in €3.4 million, and the rest came from previous investors Bayern Kapital, MIG Fonds and business angels.
The sum of assets entered on the platform is €42 billion, a tenfold increase since the middle of 2018, says the startup. The platform enables hybrid wealth management: based on an aggregation of customers’ financial information, a wealth manager is able to provide individualised advice.
In late 2019, wealthpilot raised €2.6 million in funding. With the latest round, the German company will grow its team, namely sales, and expand its product offering to include more data about liquid and additional assets, such as real estate.