Swiss fintech platform Wealtharc has secured investments to expand its capabilities and reach its goal of becoming a leading wealth data hub.
The company organises investment information for wealth managers and their high net worth clients.
It managed to raise $4m (£3m, €3.3m) from US and Swiss investors to finance its overseas expansion plans and further develop its wealth data operations.
Wealtharc said that wealth managers will be able to see not only their aggregated portfolios from various private banks on the platform, but also get access to a “broad selection of investment products and services offered by other fintechs”.
The tech company currently operates in Switzerland, Singapore, Dubai and the UK, and will use the funding to grow its international presence as well as strengthen its domestic operations.
Ambitious goals
“Wealth management anytime and anywhere is the future of the industry,” said Chris Gogol, co-founder and chief executive of Wealtharc. “We want to help family offices and private banks in their digital journey.
“With the new funding, we are getting closer to executing our mission: becoming the most comprehensive wealth management information hub in Switzerland and beyond.”
Part of the money raised will also be allocated to the continuous development of artificial intelligence, custodian data reconciliation, analytics, recruitment strategy and business opportunities, the firm added.
