Wealthpilot operates a digital platform that enables hybrid wealth management: Individualized advice from the wealth manager is based on a digital aggregation of the client's financial information. The idea behind hybrid wealth management is to combine the advantages of a data-driven, digital wealth platform, such as transparent analysis of all assets, with comprehensive, personalized advice.
With this approach, the Munich-based fintech can now raise €8 million, of which €3.4 million comes from the new investor. SeventureThe remaining sum will come from existing investors Bayern Kapital, MIG Fonds, and a consortium of business angels. With the fresh capital, Wealthpilot now plans to further expand its data aggregation in depth and breadth, so that in addition to expanding the existing data interfaces for liquid investments, even more assets, such as real estate and investments, will be available in the transparent overview. The new funds will also be used to strengthen the team and further expand sales.
Clarity about financial situation
“In this way, Wealthpilot creates the conditions for everyone to gain clarity about their financial situation and how, based on this, their individual financial life goals can be achieved,”
explained Stephan Schug, the co-CEO of Wealthpilot. He continues:
"We want to give the end customer a home for their assets. Today and in the future, this new home lies on a digital platform that aggregates and analyzes all assets with high data quality and on which a personalized financial strategy can be developed and implemented with the advisor."
Leading pan-European fintech
"We are pleased to support Wealthpilot in its future expansion strategy. This financing round will not only enable Wealthpilot to continue supporting the wealth management needs of an ever-growing demographic, but also to offer a global wealth management solution that can accommodate all types of assets. We are convinced that Wealthpilot will be one of the leading pan-European fintechs in the future,"
says Andreas Schenk, Venture Partner in the Digital Technologies team at Seventure Partners. And Bavaria Capital-Managing Director George Ried added:
"Wealthpilot's growth rates remain impressive. The coronavirus crisis has once again dramatically accelerated digitalization in the financial sector. This innovative company has undergone impressive development in recent years – and we still see significant growth and expansion potential. Therefore, we are happy to support Wealthpilot in its next steps of growth."
And Boris Bernstein, Venture Partner at MIG Fonds, says:
"In today's low-interest environment, investors need to be more proactive about their financial situation. We see great potential for Wealthpilot, as it helps advisors and end clients plan and better implement financial goals together. The growth resulting from the crisis last year shows that the offering is very well received."
