Belgian startup InvestSuite raises €3M to deliver its ‘wealthtech-as-a-service’ solutions globally
In recent years, financial institutions are driving towards the digital transformation of wealth management as a result of increased regulation, lower profitability, challenging macroeconomic climate, growing competition from new players, and more demanding digital-native customers.
In this regard, InvestSuite, a Belgium-based B2B wealth-tech startup, that helps financial institutions to accelerate their digital wealth transformation, has raised €3M in a fresh round of funding. With this round, the company has raised a total of €9M in funding since its inception in 2018.
The round saw participation from the existing, reference investor PMV, with an additional investment of €800K alongside AB Accelerator, 365.fintech, and other investors.
Speaking on the development, Bart Vanhaeren, CEO and co-founder of InvestSuite says, “The opportunity for us is right now; The pandemic has strongly accelerated the digital wealth transformation journeys in our key financial services verticals, and our rapidly expanding global pipeline. The funding allows us to hone in on these opportunities.”
Laurent Sorber, CTO and co-founder, adds, “COVID-19 has shown that we can remotely sell, build and deliver enterprise solutions to our global customer base”.
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