Just two weeks after making the decision to extend its equity crowdfunding round on Invesdor, Stockholm-based fintech startup Sharpfin is set to complete the funding initiative with more than 2.3 million SEK from nearly 60 investors.
Sharpfin previously revealed that it sees a finance industry that is riddled with high maintenance legacy IT systems that incredibly out of date. The company also noted it 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.”
While sharing more details about the company, Sharpfin CEO and co-founder Markus Alin, recently stated:
“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 then 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.’”
Sharpfin’s Invesdor campaign is set to close on Monday.
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