Mounir Laggoune
CEO of Finary
Mounir Laggoune
CEO of Finary
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February 24, 2022

An 8M€ Series-A to revolutionize Private Banking

Today, I’m happy to share with the world that we’ve raised a Series A of 8M€ from world-class investors Speedinvest and Y Combinator.

Last year, the Finary Team, Julien, and I set out to address the ever-growing problem of tracking one's assets seamlessly in one single platform. Today, we are going further by reinventing an industry that hasn’t changed for centuries: Private Banking.

Less than 9 months after our Seed, our existing shareholders Speedinvest & Y Combinator are reiterating their trust in us. We also welcome highly successful unicorn Founders Alexandre Prot & Steve Anavi from Qonto and Eric Demuth from Bitpanda. Even better : you’ll soon be able to join them by becoming a shareholder too. More on that later in this blog post.

These past 12 months have been an incredible ride and a lot has happened. Starting a company is like jumping off a cliff and assembling a plane on the way down. Our plane has turned into a Falcon X, with 12 team members and 30.000 users having climbed onboard.

The Finary Team exploring new heights

Finary is powered by you, our community. From the early adopters that gave our Webapp a spin when we had just an MVP to the hundreds of new members joining every day around the globe, we are all on a journey together to empower investors.

Julien and I are both humbled and extremely excited about this round. The funding is fuel that brings us closer to our goal : revolutionizing private banking.

Building a category defining platform

Modern-day investors are more diversified than ever. New asset classes & investment options are emerging on a weekly basis (ever heard about NFTs?), forcing users to juggle between dozens Apps & Platforms. Banks & investment advisors are not able to provide a unified view, they are too busy charging fees and milking clients.

This trend is not stopping any day soon, the need for a powerful tool keeps on growing. This is where Finary steps in. We built the one-stop-shop to track your Assets (& Liabilities) automatically and in one place. Our users can link over 10.000 platforms, including exclusive integrations like Interactive Brokers, Trade Republic and eToro.

All your investments in one App

Rated 4.6/5 on average and available on Web & Apps, we are ideally positioned to become the gold standard for Portfolio Tracking.

Building the technological layer on top of everybody’s asset is just the beginning of our journey. This funding fuels our ultimate goal: build the modern Private Bank.

Private Banking, reinvented

If I ask you what comes to your mind when you hear “Private Bank”, you’ll probably say “personalized”, “inaccessible” or “Switzerland”. And you’d be right. Most of us never have set foot in a Private Bank. These institutions are built to cater to wealthiest individuals on the Planet. They provide highly tailored investment advice, a family office, estate planning, loans and access to the best investment opportunities.

The top institution won’t even consider you with less than 10M€ in investable Assets.

This funding is the fuel that allows to reinvent the Private Bank from the ground up. Over the coming months and years, Finary will transition from a Portfolio Tracker to a fully-fledged investment platform that provides tailored advice, access to top-notch investment opportunities and an incredible user experience

Forget about minimum net worth and other requirements, we are breaking down the barriers to wealth creation.

To move toward this milestone, we will launch exciting new features, triple the team size and conquer Europe. By the way, if this resonates with you or if you know people who would thrive here, check out our Careers page!!

Final Words

We are on a mission to reinvent an industry, and we put the user at the core of everything. That’s why we will give you the opportunity to join the journey by becoming a Finary shareholder

Click here to discover this historic opportunity

I can’t wait to build the future of finance with you!

Capital at risk.

Edited by
Mounir Laggoune
CEO of Finary
Written by
Mounir Laggoune
CEO of Finary
Mounir is the co-founder and CEO of Finary. He is passionate about personal finances and shares his knowledge every Friday on BFM Business on the show Tout pour Votre Argent as well as twice a week on the Finary YouTube channel.

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