Wealthtech firm, InvestSuite, has finalised funding worth €3 million from existing investors PMV, AB Accelerator, 365.fintech, and others.
Based in Belgium, the firm helps financial institutions go digital with their wealth management systems via an artificial intelligence (AI)-based investment platform.
Founded in 2018, the firm has a presence in Europe, Latin America, and the Middle East. It claims to have acquired enterprise clients “in multiple countries on four continents”.
On top of its wealth management solution, the firm provides systems for multi-asset trading, quantitative portfolio construction, and portfolio reporting.
Bart Vanhaeren, CEO and co-founder, says the new cash will help it hone in on new opportunities brought about by the COVID-19 pandemic.
The firm nabbed €2 million in its last financing, an April 2020 seed round. It has raised a total of €9.6 million altogether.
Since March 2020, the firm says it has grown from 25 people to 45. Among the new faces are “multiple senior hires” brought in “to further fuel expansion” and build out development teams.
“COVID-19 has shown that we can remotely sell, build and deliver enterprise solutions to our global customer base,” says Laurent Sober, chief technology officer (CTO) at InvestSuite.