Quantifeed Raises US$4.5 Million in Series A Funding
Quantifeed, a leader in digital wealth management solutions in Asia, has reached a significant milestone by closing US$4.5 million in a Series A financing round. Shanghai-based PGA Venture Partners led the investment. The funds will enable Quantifeed to accelerate expansion in key markets in the Asia Pacific region, including China.
“The battle in digital wealth management will be won by the institutions with the strongest distribution and the richest customer experience. We are working with some of the top institutions in Asia to build them a customer investment journey,” said Alex Ypsilanti, CEO and Co-founder of Quantifeed. “PGA Venture Partners has an incredible track record of building successful companies and we look forward to working with them on bringing our product to the Chinese market.”
Quantifeed’s clients have been using its platform to manage assets since early 2015. Quantifeed has integrated with three execution brokers to enable its clients to invest across major global markets.
“We believe Quantifeed’s digital investment solution is one of the most comprehensive in the industry, combining a robust financial technology platform, global investment themes, and a pipeline of innovative investment tools and applications,” said Mr. Peilung Li, Founder of PGA Venture Partners. “Quantifeed is well positioned to capture the next wave of private wealth’s growth in Asia and is ready to execute its strategy in China.”