PortfolioQuest scoops up pre-seed for financial training tool

Financial training tool PortfolioQuest has raised $750,000 in a pre-seed round of funding.

The funding for the San Francisco and Singapore-based startup was led by Nels Friets and Venkatesh Sethuraman, who are both a part of private equity investment partnership tryb.

The round also saw contribution from Singapore-based VC Wavemaker Partners and private investors from the financial sector.

PortfolioQuest develops a gamified simulation training tool allowing users to hone, measure and benchmark skills in managing consumer lending portfolios.

The data gathered from these users provides bank management with an insight into their employees’ skills and advice on training requirements.

The company’s CEO Michelle Katics said, “In a “post-bot” world of robo-tools, the strategic and forecasting job functions take on crucial importance.

“These skills require more powerful training tools than static e-learning in order to safely achieve positive financial outcomes.”

Friets will join the company’s board as director with Sethuraman joining as an advisor as a result of the deal.

The company was incubated as part of fintech accelerator BankersLab and will use the capital to roll out a paid beta version of its training platform.

Copyright © 2016 FINTECH GLOBAL

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