Finary raises a €25M Series B

Today, I’m thrilled to announce that Finary has raised a €25M Series B, led by PayPal Ventures, alongside participation from LocalGlobe, Hedosophia, Shapers, and our existing investors Y Combinator and Speedinvest.

We’re also honored to welcome Axel Weber, former Chairman of the largest private bank in the world, UBS, and President of the German Central Bank, as well as Harsh Sinha (CTO at Wise) to our incredible journey.

Money Is Broken

Money is broken. It’s complicated, stressful, and often feels like it controls us—not the other way around. In France, over €2,000 billion, or one-third of all financial assets, are invested in instruments yielding less than inflation. Most investors lack the financial education to make the right choices. With a public pension system on the verge of collapsing, they can no longer rely on the state to make the choices for them.

On top of that, the largest wealth transfer in history will see over €450 billion per year passed down from baby boomers to millennials and Gen Z. 87% of heirs consider switching advisors by then. The market is ripe for a revolution, but it won’t come from inside the system. Incumbents are making too much money in fees to change the status quo.

Redefining Money Management with AI

At Finary, we’re flipping that power dynamic. We’re not just simplifying money; we’re giving investors back control. Imagine a world where your finances effortlessly manage themselves, where clarity replaces stress, and complexity gives way to empowerment. This is the world we’re building.

Our ambition is bold: create a fully automated and personalized money management experience powered by AI. With Finary, you won’t just track your net worth, invest seamlessly, or optimize your budget—you’ll have an AI agent proactively guiding you toward your goals. We’re not building another app; we’re setting the new global standard for managing money. We cover you from your first paycheck to your big payday.

A Movement Powered by Our Community

What makes us truly unique? Our relentless customer obsession, which we live every day while building the app. Finary has started a movement, largely thanks to our incredibly successful YouTube channel. With 75M views, it brought financial education to the masses.

Over the past few years, I’ve had the privilege of meeting thousands of members of the Finary community at our meetups. Countless members of our community told me that the app, the videos, or our forum helped them take back control of their money. Moments like these are why I wake up every day—I want to help millions become investors.

This customer-centric approach has resonated profoundly. With over 600,000 users, we’ve grown explosively, reaching profitability in Q4 2024—proving our vision isn’t just ambitious, it’s sustainable.

Accelerating with New Products and Markets

This Series B round empowers us to accelerate our mission. We will enhance our product by launching innovative financial tools like a brokerage account, investment accounts (PEA), retirement accounts (PER), and more. We will also significantly expand our wealth management offering, Finary One.

Our world-class portfolio tracker will set new standards through advanced AI-driven insights. Additionally, we’re excited to bring Finary’s transformative experience to new European markets and strengthen our extraordinary 50-strong team—we’re currently hiring for over 20 roles.

This is just the beginning. We’re building a long-lasting European champion dedicated to empowering individual investors everywhere.

Join us as we continue to redefine the future of money.

Mounir