Automated investing app Fintual said to close $15m investment round

Fintual, an automated investing platform, has reportedly collected $15m in its latest funding round.

Latin American investment firm Kaszek Ventures led the round, joining Fintual’s existing list of backers, which includes YC and ALLVP, according to a report from TechCrunch.

With the capital, Fintual hopes to grow its operations in Mexico and enter more countries, such as Colombia and Peru. Funds will also be used to expand its team.

Fintual’s mobile app, which is regulated by the Comisión para el Mercado Financiero, offers a simple and transparent way to make investments.

The user can set their own investment plan with defined goals and time frames. Fintual will then offer a personalised portfolio for each of the objectives to help them meet the goal within the designate deadline.

Portfolios are comprised of EFTs and national fixed income funds. The company co-founder and CEO Pedro Pineda told TechCrunch the FinTech company helps people have access to investment instruments previously unavailable to them.

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