Digital wealth management solution Evolute has secured a $6.15m Series A in its first round of external financing.
The funding for the Zurich-based company comes from a group of unnamed figures from the Swiss finance and startups scene.
Evolute aims to provide wealth managers and banks with a digital platform covering the entire wealth management value chain.
The round follows its acquisition of regulatory service for asset managers SwissComply in March.
The company will use the new capital to further develop its platform and expand its portfolio optimisation services.
Evolute CEO Kaspar Wohnlich commented: “The series A round has secured the basis for further growth and helps us take a big step closer to achieving our vision.
“In addition to the continuous further development of our platform, our aim is to efficiently link the needs of the asset management industry with future regulatory requirements.
“Furthermore, the portfolio optimization technology will be made available to banks for the first time this summer.
“As a result, portfolio management will be completely redefined, margins will increase due to cost efficiencies, and significantly greater personalization will be possible.”
The funding coincides with Evolute’s announcement that it will join Swiss Startup Factory’s Growth Accelerator Program.
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