German Wealth Management platform Wealthpilot Secures €8 Million Through latest Investment round

January 20, 2021 @ 10:06 am By Samantha Hurst

Wealthpilot, a Germany-based wealth management platform, announced on Wednesday it secured €8 million through its latest investment round. According to Wealthpilot, the total amount includes a contribution of €3.4 million from investor Seventure, with the remainder coming from previous investors Bayern Kapital, MIG Fonds, and a consortium of business angels.

Wealthpilot provides a digital platform enabling hybrid wealth management: based on a digital aggregation of customers’ financial information, a wealth manager is able to provide individualized advice. Wealthpilot further revealed that more than 8,500 banks, insurance companies, broker pools and wealth advisors and their customers now work with the Wealthpilot platform. Customers include well-known German financial C3 – Restricted Natixis institutions such as Berliner Volksbank, Volksbank Mittelhessen, various savings banks of the Sparkassen-Finanzgruppe, as well as Helvetia life insurance.

Speaking about the company’s platform and development, Stephan Schug, Co-CEO of Wealthpilot, stated:

“In this way, Wealthpilot creates a basis for everyone to have a clear picture of what their financial situation looks like and how, based on this, they can achieve all of their financial goals. We want to give the customer a financial home for his or her assets. Today and in the future, this new home is on a digital platform that aggregates and analyzes all assets at a high level of data quality, and which allows for the planning and realization of a personal financial strategy along with a wealth advisor.”

Wealthpilot went on to add that with the funds raised through the latest investment round, it aims to expand its team and product offering, maintain the strong growth dynamic in its established market segments, and develop new business among insurers. The company then added:

“In addition to optimizing data aggregation, Wealthpilot intends to use the new funds to strengthen the team and further expand sales with the aim of making exclusive wealth management accessible to a broad section of the population, both nationally and internationally.”