Avenir, a UK-based WealthTech firm, has successfully secured $530,000 in pre-seed funding.
This notable achievement comes just three months after the company graduated from the ABN AMRO + Techstars Future of Finance accelerator program, marking a significant milestone in its journey.
The funding round was led by an impressive roster of investors, including SFC Capital, Techstars, and several prominent angel investors. These angels bring a wealth of experience from leading financial institutions such as FNZ, JP Morgan, and Morgan Stanley, highlighting the industry’s strong belief in Avenir’s potential and strategic direction.
At its core, Avenir is pioneering the WealthTech sector by providing wealth managers and financial advisors with an advanced suite of tools. Utilising cutting-edge technology and artificial intelligence (AI), Avenir offers personalised wealth management solutions at scale. This approach not only revolutionises traditional practices but also ensures greater efficiency, personalisation, and impact within the wealth management landscape.
The newly acquired funds are earmarked for further innovation and disruption within the WealthTech industry. Avenir’s CEO and Co-founder, Jeremy Bensoussan, expressed the company’s ambition to transform the £1.2 trillion assets under management in the UK’s wealth management sector. By continuing to innovate and provide exceptional value to financial professionals and their clients, Avenir aims to redefine the standards of wealth management.
Bensoussan said. “Closing our pre-seed funding round within just three months reflects the market’s craving for personalised digital solutions in wealth management. The support from SFC Capital, Techstars, and our angel investors confirms our mission’s importance. With this funding, we’re poised to disrupt the £1.2 trillion in assets under management within the wealth management sector in the UK, while continuing to innovate and deliver exceptional value to financial professionals and their clients.”
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