WealthNavi picks up $15m for robo-asset management

Tokyo-based asset management service WealthNavi has raised $15m in a Series B round of funding.

The investment comes from SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital and Infinity Venture Partners.

WealthNavi aims to help middle-income consumers diversify their investment portfolios with international assets.

It will also partner with SBI Holding subsidiaries SBI securities and Sumishin SBI Net Bank to offer its robo-advisory services.

Through the partnerships the company will reach SBI 2.6m online banking and 3.6m stock trading customers.

The round brings the total raised by WealthNavi to $21m since its launch in April 2015.

Copyright ? 2016 FINTECH GLOBAL

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