Finizens, an investment and wealth management firm specialising in passive index-linked management, has just raised 3,3M€, bringing the capital injected by shareholders since the company was founded to more than €8m.
FINIZENS
It is a an asset manager specialising in passive indexed management, offering a convenient and competitive investment strategy compared to traditional financial institutions..
The firm offers different globally diversified portfolios through Vanguard's index funds, with lower costs than the market average, automated algorithmic management and regular rebalancing of portfolios. It also has the most diverse product offering in the industry in Europe, launching five different investment solutions in the market:
- Portfolio of investment funds Transferable for tax purposes
- Pension Plans
- Plans for children
- Savings insurance
- Finizens Premium
With the entry of new strategic investors, both national and international, in addition to the existing investors who continue to support the company, the company has been able to financing round consolidates it as the roboadvisor which has achieved the most institutional backing and investment support in Spain, thanks to its technological engineering.
Finizens has just lifted 3,3M€ in a Series B round, its third capital increase since it obtained permission from the CNMV in 2016 to operate as a SECURITIES AGENCY in Spain. Since then, it has managed to attract more than 6,400 clients and the investment support of institutional shareholders such as Caser Insurance, Axon Partners Group and Fintech Ventures.
With these funds raised, it plans to further consolidate its exponential growth and market leadership, both in terms of customer base and product and service sophistication.
OTHER RELEVANT OPERATIONS IN THE SECTOR:
ACORNS
Acorns is a application of automatic micro-investments founded in 2012, which has recently closed a Series E round of financing worth 105M€.
The operation has involved media giants such as NBCUniversal and Comcast Ventures, as well as venture capital firms such as MSD Capital, but also investors who had previously supported the startup financially.
OPSEEKER
This mobile application offers a free practical coaching service for new investors. Allows investment simulations using virtual moneyThis helps to check whether the investment is profitable and therefore whether it would be worthwhile to invest or not.
Opseeker offers informative content through a blog, training videos and e-books, which give it an educational character, and last year it won the MetLife innovation award for financial inclusion.
The result? 40.000€ to further evolve and prepare low- and middle-income millennials for a better financial life.