Edda, a Paris-based Fintech, has announced a partnership with Innovation Bay, a community for startups based in Australia. Edda is a tool for professional investors that aims to create value by allowing users to see the value of their investments and the impact they generate in real-time.
According to a company statement, the collaboration will allow more VC investors to improve their efficiencies and manage their investment portfolios more effectively, creating new opportunities for industry collaboration and growth in the ANZ market and beyond.
Edda states that currently many investors use basic tools such as spreadsheets to manage their private portfolios. Edda combines deal flow, portfolio, LPs and community management into a single product. Edda reports over $30 billion in assets under administration and has been selected by more than 130 investment firms in 30 different countries.
Clément Aglietta, co-founder & CEO at Edda said the partnership will open up opportunities to enter new markets describing the partnership as a significant milestone in the firm’s development.
Innovation Bay’s Co-Founder Ian Gardiner said Edda is an incredible solution for professional investors and the service is going to make waves in the ANZ market.