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WealthArc Secures New Financing to Become Next-Generation Wealth Management Hub

Zurich, 1st February: WealthArc, a Swiss FinTech platform organizing investment information for wealth managers and their HNW clients, has secured over $4 Million in new funding. This funding round will be the catalyst for the execution of the company’s vision in becoming the leading wealth management data hub.  Wealth managers will be able to see in the WealthArc platform not only their aggregated portfolios from various private banks but also get access to broad selection of investment products and services offered by other FinTechs.

“Wealth management anytime and anywhere is the future of the industry. We want to help family offices and private banks in their digital journey,” says Chris Gogol, Co-Founder and CEO of WealthArc. “With the new funding, we are getting closer to executing our mission: becoming the most comprehensive wealth management information hub in Switzerland and beyond,” adds Chris.

WealthArc is planning to use the funding to strengthen its overseas growth and expand its presence in the domestic Swiss market. Today, WealthArc counts on a growing number of customers in Switzerland (Zurich, Geneva, and Lugano among others) and beyond (in Singapore, Dubai, and the United Kingdom). The company employs over 40 professionals located in its offices in Zurich, Geneva, and in an R&D center in Warsaw.

“We met WealthArc in 2018 when conducting internal Portfolio Management System due diligence. The selection and successful integration of WealthArc into our operations led us to become a client, and subsequently an investor. It is the first time we’ve invested in a private company we discovered as a user,” says Eric Roditi, Partner at RJ Management, a participant in this funding round. “After 3 consecutive years of 200% growth per annum, we are confident that WealthArc’s trajectory can be accelerated with this additional funding,” adds Eric.

The company will also 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. WealthArc is the first cloud-native solution for wealth managers in Switzerland. It has proven indispensable during lockdowns, empowering financial advisors to have quick access to any investment or client information in a secure way while working from home.

WealthArc has integrated over 60 private banks from Switzerland, the United Kingdom, and Singapore via proprietarily connections (APIs). Thanks to their unique technology, WealthArc users have access to high quality investment data that is automatically gathered and curated by artificial intelligence.

About WealthArc

Founded in 2015, WealthArc is a leading and award-winning Zurich-based wealthtech company bringing thorough digitization to wealth management with its cloud-native platform. WealthArc is positioned to become the number one wealth management data company by providing fully automated technology, supported by artificial intelligence to aggregate a variety of financial and HNW client data. Partnering with Microsoft and Refinitiv, it serves clients across Switzerland, Singapore, Dubai, and the United Kingdom among others.

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