Quantifeed, which claims to be Asia leading digital wealth management solution developer for financial institutions, has closed its Series C round on an undisclosed amount.
The investment was led by HSBC Asset Management’s investments business, HSBC Alternatives. It was joined by Daiwa PI Partners and existing shareholders Franklin Templeton and LUN Partners Group.
This capital has been earmarked to enhance Quantifeed solutions for advisors, portfolio managers and end-customers. It hopes to enrich its portfolio design, advice and trading engines, as well as enable wealth management across a broader spectrum of asset classes, such as structured products, private equity and digital assets.
Additionally, the WealthTech company has its sights on hiring talent from Asia-Pacific, with a focus on Japan and Southeast Asia.
Quantifeed, which is led by its co-founders Alex Ypsilanti and Ross Milward, gives financial institutions, including banks, brokers and insurance companies, with the digital tools to growth their wealth management services.
Its modular platform QEngine allows wealth managers to create new digital channels for customers.
The company operates in Hong Kong, Singapore, Japan, Australia and India.
Quantifeed CEO and co-founder Alex Ypsilanti said, “Quantifeed’s mission is to help financial institutions become providers of wealthcare, a customer-centric wealth management service that makes investing easy, accessible and relatable for everyone.
“We are thrilled to have the support of new and existing investors who believe in our business model and want to support our growth. We’re using these funds to strengthen our leadership in the automated generation and implementation of financial advice.”
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