The Leuven, Belgium-based investment solutions provider InvestSuite has raised €3 million in a funding round held in December 2020, from PMV, AB Accelerator, 365.fintech among others.
The latest round brings the total funding raised to €9 million.
Founded in 2018 by Bart Vanhaeren and Laurent Sorber, InvestSuite is a global WaaS (Wealthtech-as-a-Service) startup providing automated investment solutions to help financial institutions retain their customers by catering to their fast-evolving digital requirements and secure their market positions against agile B2C fintech companies. It offers cloud-driven, flexible wealthtech and invest-tech solutions to financial institutions worldwide by unifying deep quant expertise and investment knowledge with an in-built, human-centric interface, and full understanding of how the backend of a financial institution functions.
It has designed 4 products, namely Robo Advisor, Self Investor, StoryTeller and Portfolio Optimizer which perform the following functions:
- Robo Advisor empowers financial institutions to offer personal financial advice to wealthy customers and high-net-worth individuals, all within a human-centric interface to give their clients the confidence to invest.
- Self Investor is an execution-only investment platform designed for retail investors.
- StoryTeller is an innovative concept wherein a performance “story” of an end customer’s portfolio is shown, from retail clients to ultra-high net worth individuals.
- Portfolio Optimizer enables financial institutions to provide truly hyper-customized portfolios at-scale to their clients.
Besides Belgium, the startup has a presence in London, Sydney, Warsaw, Copenhagen, Madrid and Amsterdam. Since March 2020, the number of people in InvestSuite’s team has grown from 25 to 45, lately adding several senior members to further accelerate its expansion.
CEO Bart Vanhaeren said the opportunity for them is right now, adding that the pandemic has strongly accelerated the digital wealth transformation journeys in the startup’s major financial services verticals, and its speedily expanding global pipeline. He also said that the funding allows them to hone in on these opportunities and in the team’s view, building InvestSuite with multiple ground-breaking ‘invest-tech’ solutions is unquestionably the right strategy. It enables them to talk to institutions of all sizes, all around the globe, about a variety of challenges they may encounter and the startup is very well positioned to help them and more importantly their end-customers, solve a particular challenge. Whether it is an accumulation, decumulation, lack of confidence in investing, or an educational necessity, they deliver exceptional digital customer experiences that are win-win for both the financial institution and their end-customer, he concluded.
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