InvestSuite raises €3 million bringing the total amount of funding to €9 million
InvestSuite, an international B2B WealthTech company, today announced that it has successfully completed a new funding round, raising €3 million. This brings the total raised to €9 million since inception in 2018. The existing, reference investor PMV, has invested an additional €800.000 alongside AB Accelerator, 365.fintech and other investors.
Bart Vanhaeren, CEO and co-founder of InvestSuite said “The opportunity for us is right now; The pandemic has strongly accelerated the digital wealth transformation journeys in our key financial services verticals, and our rapidly expanding global pipeline. The funding allows us to hone in on these opportunities.”
Laurent Sorber, CTO and co-founder added “COVID-19 has shown that we can remotely sell, build and deliver enterprise solutions to our global customer base”.
InvestSuite, with HQ in Leuven, Belgium but with a growing international presence in London, Sydney, Warsaw, Copenhagen, Madrid and Amsterdam has already acquired enterprise clients in multiple countries on four continents. Since March the firm has grown from 25 people to 45, recently adding multiple senior hires to further fuel the expansion, as well as expanded its development and quant teams.
The company offers Cloud-native, modular WealthTech and InvestTech solutions to financial institutions all over the world, combining deep quant expertise and banking & investment knowledge with beautiful, intuitive human-centric design, and a comprehensive understanding of how the ‘backend’ of a financial institution works.
InvestSuite’s best-of-breed, modular, white-labelled end-to-end solutions can be used in an off-the-shelf way or highly customised depending on an institution’s requirements and time-to-market desires:
- Robo Advisor enables financial institutions to offer personal financial advice to mass affluent customers and HNWI, all wrapped in a human-centric design to give their customers the confidence to invest.
- Self Investor is an “execution-only” investment platform designed with retail investors in mind, leveraging the knowledge and expertise of the team who previously built a multi-award winning #1 self directed platform in the Benelux.
- StoryTeller is an innovative new way to tell the performance “story” of an end customer’s portfolio - from retail clients all the way through to ultra-high net worth individuals. A “world first” using machine learning coupled with story telling techniques, StoryTeller brings portfolios to “life” and increases engagement – whether it is an advisor-led journey or otherwise.
In addition to these solutions, InvestSuite defined its own, fourth generation, measure of risk, iVaR, which is at the heart of the portfolio construction framework and enables financial institutions to deliver truly hyper-personalised portfolios at-scale to their clients with the focus on a “smoother ride”. Laurent Sorber, CTO and co-founder: "iVaR is based on how people really experience risk, that is portfolio loss and time to recovery. It is a few generations beyond the often used Nobel Prize-winning Modern Portfolio Theory model of Harry Markowitz. Using our risk measure in portfolio construction should lead to portfolios that suffer lower losses and recover from those losses more quickly, compared to traditional risk measures.”
Bart Vanhaeren concludes: “In our view, building InvestSuite with multiple innovative ‘investtech’ solutions is absolutely the right strategy. It enables us to talk to institutions of all sizes, all around the world, about a variety of challenges they may face and typically we are very well positioned to help them and, importantly, their end-customers, solve a particular challenge. Whether it is an accumulation, decumulation, lack of confidence in investing or an educational requirement, we deliver outstanding digital customer experiences that are win-win for both the
financial institution and their end-customer”.
About InvestSuite
More information: www.InvestSuite.com
Media Contact
Wim Vanhaeren
wim.vanhaeren@investsuite.com
Investor quotes:
Faisal Al Bitar, Innovation Hub Manager & Head of AB Accelerator Program
“We are excited to partner with InvestSuite, the company adds tremendous value to financial institutions in accelerating their digital transformation by offering a suite of customer centric WealthTech solutions. As the wealth management space experiences exponential growth, we are delighted to be part of a scalable company with strong execution capabilities.”
www.abaccelerator.co
Tomáš Vyšný, Investor, 365.Fintech
“At 365.fintech we are convinced there is a significant secular opportunity in digitizing wealth management solutions. We are looking forward to supporting Bart and the exceptional team at InvestSuite in disrupting the space and enabling incumbent financial institutions to serve their customers with radically better digital wealth solutions.”
365fintech.sk
Kris Vandenberk, Senior Investment Manager at PMV
“The pandemic has forced wealth managers to step up its digital efforts. InvestSuite provides a suite of differentiating solutions to expedite this digital transformation journey.”, said Kris Vandenberk, Senior Investment Manager at PMV. “We’re excited to continue supporting InvestSuite on that mission and their global expansion ambitions”
www.pmv.eu