Fintuity, an FCA-regulated digital financial advisor, has announced $3 million in funding that has been raised from both individual and institutional investors during the past year, according to a post by the company. The funding will be utilized to further develop its tech stack and AI driven platform and virtual advisor. Fintuity claims to be the UK’s only “digital Independent Financial Adviser (IFA).” The funding is described as a major step forward in “tackling the UK’s growing advice gap.”
Currently in development, the Virtual Adviser is designed to match the exact client circumstances with bespoke financial products and a roadmap strategy to help optimize portfolio performance.
Ed Downpatrick, Fintuity’s Strategy Director, says:
“Given the current climate, we are delighted that this funding has been awarded and would like to thank our investors – we see it as an integral part of our platform development to deliver the advice that is so sorely needed during this difficult time in and in the coming months will be used to further develop the Fintuity platform to deliver the right advice to our growing number of clients.”
In 2020, the Robo-advisor announced free financial advice to NHS workers.
Fintuity offers IFA certified investment advice on a range of financial items such as insurance, tax planning, pension, mortgages, and more.
Fintuity is on a mission to provide financial advice to the masses on a level that has historically been available only to the more affluent.