WEALTH racks up $705,000 for wealth services marketplace

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Wealth services marketplace WEALTH has picked up $705,000 in a seed funding round.

Vulpes Innovative Technologies Investment Company and Privé Holdings led the investment.

The Singapore-based startup aims to match affluent individuals with wealth services through its marketplace.

This includes banks and financial services firms and professionals that can offer the right advice for investment, tax, legal, trust and financial planning issues.

Launched in 2015, the company claims more than 1,000 users on the platform with more than $250m in transactions facilitated.

WEALTH says it will use the capital to enhance the technology capabilities of the platform, which includes additions such as intelligent profiling and recommendation engine algorithm to match users and experts.

It also plans to offers alternative investment opportunities in luxury assets and build an editorial team to generate relevant content in investment and wealth.

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