WealthArc, a Swiss wealth management platform, announced that it has secured over $4 million in funding.
WealthArc said that it will leverage this new capital to continue developing its digital platform and value proposition, mainly in the fields of artificial intelligence, custodian data reconciliation, analytics, recruitment strategy, and new business opportunities.
Additionally, WealthArc is also planning to use the funding to expand its presence in the domestic Swiss market and strengthen its overseas growth.
The company has a growing number of customers in Switzerland (Zurich, Geneva, and Lugano among others) and beyond (Singapore, Dubai, and the United Kingdom).
The company is said to have integrated over 60 private banks from Switzerland, the United Kingdom, and Singapore via APIs. This allows WealthArc users to have access to high quality investment data that is automatically gathered and curated by artificial intelligence.
“Wealth management anytime and anywhere is the future of the industry. We want to help family offices and private banks in their digital journey.
With the new funding, we are getting closer to executing our mission: becoming the most comprehensive wealth management information hub in Switzerland and beyond,”
said Chris Gogol, Co-Founder and CEO of WealthArc.
Featured image credit: edited from Freepik
