Ramify, a French WealthTech company, has announced a financial milestone with the completion of an €11 million Series A funding round.
According to FinTech Finance, the round was spearheaded by 13books Capital, alongside contributions from Fidelity International Strategic Ventures and existing backers including Newfund, AG2R, Crédit Agricole, and several business angels.
This fresh injection of capital is set to further propel Ramify’s mission to become the preferred investment platform for France’s affluent investors.
Since its inception in 2021 by Olivier Herbout and Samy Ouardini, Ramify has quickly made a name for itself in the WealthTech sector. The platform caters to the evolving needs of wealthy investors by offering a seamless, high-quality investment experience. Over the past 18 months, the company has seen a twentyfold increase in assets under management, solidifying its position in the market with an extensive array of products and services.
At its core, Ramify is designed as an all-encompassing investment platform, merging digital tools with expert advisory services to offer reduced fees. The company primarily serves French individuals possessing financial assets ranging from €100,000 to €5 million. It provides a diverse portfolio of investment opportunities, including stocks, bonds, real estate, and more exotic assets like private equity and art investments. The platform’s standout features include Lombard lending and Luxembourg life insurance, catering to its most distinguished clients.
Looking forward, Ramify is poised to leverage significant generational wealth transfers expected across Europe, amounting to over €10 trillion in the next fifteen years. With over 70% of these inheriting individuals seeking new financial advisors, Ramify’s innovative blend of digital efficiency and personalised service positions it uniquely within the marketplace. Unlike traditional financial institutions that struggle with adaptability, or purely digital platforms that fail to meet the demands of premium clients, Ramify offers a tailored solution that marries technology with human expertise.
The team at Ramify, comprising quantitative finance experts, seasoned developers, and financial professionals, has created a robust platform that integrates advanced back-office automation and artificial intelligence. This technology-driven approach allows for the delivery of customised investment strategies and optimized tax solutions. Personalised client service remains a cornerstone of their offering, ensuring that individual investor needs are comprehensively met.
Ramify co-founder and Chief Investment Officer, Olivier Herbout, expressed his gratitude towards their investors, “We thank our investors for their trust. The success of this funding round, achieved despite the challenging economic context for tech and particularly FinTech, underscores the relevance of our value proposition. This operation marks a major milestone in the Ramify journey and will enable us to become the leading premium investment solution for the new generation of investors in France.”
In its earlier funding initiatives, Ramify successfully secured backing from key industry players, setting a solid foundation for its latest funding achievement.
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