Update: Fintech Startup Sharpfin Set to Close Invesdor With More Than 1.9 Million SEK

Stockholm-based fintech Sharpfin is set to close its equity crowdfunding round on Invesdor with more than 1.9 million SEK. As previously reported, Sharpfin sees a finance industry that is riddled with high maintenance legacy IT systems that incredibly out of date. Sharpfin also wants to be the solution to solve these legacy issues while lowering costs.

“At Sharpfin, we are proud of our focus to deliver a system which automates all the error prone and time consuming work and provides an intuitive interface for user interaction. This focus has been very well received by the market and apart from the customers that are already using our system to their fullest satisfaction, there are many others interested in our solution. We strongly believe that this disruptive way of supporting wealth managers in their daily work will take us to the position of being the number one portfolio management system globally.”

The company stated it offers modern wealth management software for banks, financial advisors, asset managers and family offic­es. Sharpfin CEO and co-founder Markus Alin, explained:

“The finance industry has, for too long, been satisfied high maintenance, legacy systems. However, due to increased regulation, higher demands on flexibility and pressure on administrative costs the future demands efficient, flexible software. The future needs Sharpfin.”

In regards to using the crowdfunding method, Alin added:

“Having many investors investing smaller portions make their investment portfolios more diverse. This is in line with the very essence of our vision. We even have parts of the measure for risk adjusted performance in our company name, ‘the Sharpe ratio.’”

The Invesdor campaign will close tomorrow evening.

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