WealthTech startup beatvest, a mobile app designed to help people get involved with investing, has reportedly collected €1.3m in seed financing.
The seed investment was joined by Neosfer, an investment division of Commerzbank, and Sino, according to a report from The Paypers.
beatvest aims to establish an investing platform that can be used by beginners and seasoned investors. It will launch a do-it-yourself portfolio building tool, which is complemented by educational tools.
Through the mobile app, users are taught investing step-by-step through modules. These modules are personalised to the experience of the user and helps the user use their new knowledge in the real world. Finally, the platform offers a section where users can keep up with trends, insights and book summaries.
Since 2022, its app has been tested with over 100 users. While the launch date is not clear, people can join the waiting list. Those on the waitlist will be able to get the app for free when it is released.
There have been several new WealthTech startups to raise capital this month. yeekatee, which is a social network for investors, raised $1.9m for its pre-seed funding round.
Similarly, InvestSky netted $3.4m for its pre-seed funding round, which was led by Emkan Capital. The company offers a social investing platform where the community collaborates to help each other make more informed investing decisions.
Finally, Prograd raised $2.5m for its seed round. The company is aimed at helping young people improve their financial literacy with tools to teach them about investing, savings and more.
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