Fundment, a London-based fintech platform designed to serve monetary advisors, has raised €53 million in its Collection C funding spherical, which will probably be used to speed up product growth, scale the workforce, and help future growth.
The spherical was led by Highland Europe, with extra participation from ETFS Capital.
Ola Abdul, founder and CEO of Fundment, said:
“Monetary recommendation is a closely regulated house, and it’s tough for fintech platforms to interrupt via until they really perceive the best way to handle and allow operations for his or her prospects. For the previous six years, we’ve constructed Fundment because the all-in-one tech platform to help monetary recommendation corporations to allow them to dedicate extra time to delivering worth to prospects.”
Based in 2018 by Ola Abdul, a former asset supervisor with abrdn and BlackRock, Fundment was created to resolve the on a regular basis expertise challenges monetary advisors face.
The platform integrates core companies like back-office instruments, discretionary funding administration options, and user-friendly portals, streamlining operations and making certain regulatory compliance.
Fundment’s proprietary expertise additionally contains customisable APIs, permitting corporations to construct and scale their operations whereas managing complicated rules.
The platform’s funding market affords a spread of choices from establishments like Authorized & Common, BlackRock, and HSBC, together with OEICs, Unit Trusts, ETFs, and each home and worldwide equities.
The funding spherical is topic to approval by the Monetary Conduct Authority (FCA).
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