Capi\u00adtal for further growth at Munich-based fintech: wealth\u00adpi\u00adlot closes finan\u00adcing round<\/p>\n
Munich \u2014 Munich fintech wealth\u00adpi\u00adlot recei\u00adves capi\u00adtal for further growth The busi\u00adness model of the fast-growing Munich-based finan\u00adcial tech\u00adno\u00adlogy company wealth\u00adpi\u00adlot<\/strong> is aimed at hybrid wealth<\/strong> manage\u00adment. Seve\u00adral inves\u00adtors contri\u00adbu\u00adted a total of 2.6 million euros in a finan\u00adcing round. Of this amount, EUR 1.1 million comes from a new inves\u00adtor and EUR 1.5 million from exis\u00adting inves\u00adtors such as Bayern Kapi\u00adtal<\/strong>. With the funds from the new round, wealth\u00adpi\u00adlot intends to expand sales and marke\u00adting as well as drive inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion and product development.<\/p>\n wealth\u00adpi\u00adlo\u00adt\u2019s digi\u00adtal infra\u00adstruc\u00adture enables wealth advi\u00adsors, asset mana\u00adgers, family offices, banks or broker pools to conti\u00adnue serving their clients perso\u00adnally in the future. This hybrid approach combi\u00adnes the advan\u00adta\u00adges of perso\u00adnal consul\u00adting with wealth\u00adpi\u00adlo\u00adt\u2019s effi\u00adci\u00adent soft\u00adware-as-a-service (SaaS) plat\u00adform. The model is incre\u00adasingly in demand: advi\u00adsors are now analy\u00adzing more than EUR 12 billion in assets with the wealth\u00adpi\u00adlot soft\u00adware, up from around EUR 4 billion in August 2018.<\/p>\n The finan\u00adcial tech\u00adno\u00adlogy company wealth\u00adpi\u00adlot was foun\u00added in 2017 and now has over 30 employees at its expan\u00added Munich loca\u00adtion and in the Graz office, which will open in July 2019. In total, more than 4,500 banks, insu\u00adrance compa\u00adnies, broker pools, asset advi\u00adsors and mana\u00adgers, tax consul\u00adtants, family offices and their private clients curr\u00adently work with wealth\u00adpi\u00adlo\u00adt\u2019s solu\u00adtion, compared with around 1,500 twelve months ago. With wealth\u00adpi\u00adlo\u00adt\u2019s SaaS plat\u00adform, finan\u00adcial services firms and advi\u00adsors can service all assets and asset clas\u00adses of new and exis\u00adting custo\u00admers, deli\u00adver a world-class custo\u00admer expe\u00adri\u00adence, and achieve signi\u00adfi\u00adcant time savings through process auto\u00adma\u00adtion. \u201cSince the begin\u00adning of 2019 alone, we have acqui\u00adred ten major banks and insu\u00adrance compa\u00adnies as custo\u00admers. Our market entry into the enter\u00adprise segment has thus been very successful. There are now over twelve billion euros in assets that advi\u00adsors and private custo\u00admers analyze with our soft\u00adware,\u201d says Stephan Schug (photo), one of the foun\u00adders and mana\u00adging direc\u00adtors of wealthpilot.<\/strong><\/p>\n \u201cwealth\u00adpi\u00adlot has deve\u00adlo\u00adped very well since our invest\u00adment last year. The company\u2019s growth rates are impres\u00adsive,\u201d says Bayern Kapi\u00adtal Mana\u00adging Direc\u00adtor Dr. Georg Ried. \u201cHigh-quality custo\u00admer care based on a sophisti\u00adca\u00adted yet user-friendly SaaS plat\u00adform is in demand among wealth advi\u00adsors and mana\u00adgers. Using wealth\u00adpi\u00adlot saves them time that can be spent on perso\u00adnal consul\u00adting. We were happy to parti\u00adci\u00adpate in the follow-up finan\u00adcing round to lay the foun\u00adda\u00adtion for the company\u2019s further growth,\u201d conti\u00adnues Dr. Ried.<\/p>\n Now, the addi\u00adtio\u00adnal capi\u00adtal from the finan\u00adcing round concluded in June is to be used prima\u00adrily to further deve\u00adlop auto\u00adma\u00adted data aggre\u00adga\u00adtion and analy\u00adsis of asset values as well as intel\u00adli\u00adgent scena\u00adrio analy\u00adses for wealth advi\u00adsors and private custo\u00admers. In addi\u00adtion, the funds will be used to expand mobile iOS and Android appli\u00adca\u00adti\u00adons. \u201cWe have become a leading provi\u00adder of cloud-based soft\u00adware for hybrid wealth manage\u00adment. The fact that we have been able to win a large number of new custo\u00admers in the enter\u00adprise and SME sectors in recent months is proof of the strong demand for inno\u00adva\u00adtive finan\u00adcial tech\u00adno\u00adlogy that impro\u00adves and simpli\u00adfies advi\u00adsory services in wealth manage\u00adment. In addi\u00adtion, the strong commit\u00adment of a new inves\u00adtor and the rene\u00adwed parti\u00adci\u00adpa\u00adtion of exis\u00adting inves\u00adtors shows that we can both gain and retain trust over the long term. We are excel\u00adlently posi\u00adtio\u00adned for the next growth steps of our company,\u201d explains Schug.<\/p>\n With its approach, wealth\u00adpi\u00adlot also wants to \u201cdemo\u00adcra\u00adtize\u201d wealth manage\u00adment to a certain extent, as Schug explains: \u201cCusto\u00admers should be able to use tools for wealth advice and finan\u00adcial plan\u00adning regard\u00adless of their asset situa\u00adtion, which are other\u00adwise only available to the very wealthy with assets in excess of milli\u00adons,\u201d he says.<\/p>\n About wealth\u00adpi\u00adlot<\/strong> Capi\u00adtal for further growth at Munich-based fintech: wealth\u00adpi\u00adlot closes finan\u00adcing round Munich \u2014 Munich fintech wealth\u00adpi\u00adlot recei\u00adves capi\u00adtal for further growth The busi\u00adness model of the fast-growing Munich-based finan\u00adcial tech\u00adno\u00adlogy company wealth\u00adpi\u00adlot is aimed at hybrid wealth manage\u00adment. Seve\u00adral inves\u00adtors contri\u00adbu\u00adted a total of 2.6 million euros in a finan\u00adcing round. Of this amount, EUR 1.1 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":43017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-43004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-venture-capital-news"],"yoast_head":"\n
\nwealth\u00adpi\u00adlot GmbH, based in Munich and Graz, is a fast-growing tech\u00adno\u00adlogy company provi\u00adding a digi\u00adtal infra\u00adstruc\u00adture for the perso\u00adnal wealth manage\u00adment of the future. Soft\u00adware-as-a-Service (SaaS) is one of the leading solu\u00adti\u00adons in wealth manage\u00adment and enables wealth mana\u00adgers and advi\u00adsors to achieve a symbio\u00adsis of digi\u00adtal and perso\u00adnal wealth advice. wealth\u00adpi\u00adlot is alre\u00adady in use by over 4,500 users, who analyze and plan assets of over 12 billion euros with wealth\u00adpi\u00adlot every day. www.wealthpilot.de<\/p>\n","protected":false},"excerpt":{"rendered":"