The Hoxton Wealth app is now tracking $10bn (£7.38bn) in assets worldwide, less than three years after its launch in April 2023, the firm said today.
The app provides users with a consolidated view of their net worth on their mobile or via their desktop. It uses open banking technology to aggregate financial data from over 14,000 global sources, including pensions bank accounts, brokerage and cash accounts.
Users can also track static assets like real estate and monitor investments in stocks, shares, and cryptocurrencies. Financial liabilities, including credit cards and mortgages, are seamlessly integrated for a holistic wealth overview.
The app now has 13,500 regular users worldwide, the majority of who are based in Europe, the Middle East and North America. Most of its user base are Hoxton clients, but anyone can manage their finances through it.
A team of more than 20 in-house developers at Hoxton Wealth support the day-to-day running of the app. The app includes a financial planning tool, WealthFlow, allowing users to see their future wealth trajectory based on their net worth and goals.
Hoxton Wealth CEO Chris Ball (pictured) said: “From day one, we wanted the Hoxton Wealth app to be a standalone wealth visibility platform, with the kind of functionality and consolidation of holdings, performance and progress that many traditional financial institutions still struggle to offer.
“We are very proud that we have reached a point where the app is tracking $10 billion in assets and hitting this milestone is a clear indication that investors worldwide see value in what we have built.
“The app was specifically designed to allow anyone to track their net worth even if they aren’t Hoxton clients – so if you feel that it’s something that can support your journey to financial independence, download it.”
