London-based FinTech startup Wealthyhood, a wealth-building app serving to youthful buyers be taught, save, make investments and construct wealth, has raised €3.6 million in a strategic funding spherical, with International Wealth Group PLC stepping in as lead investor.
The transfer alerts International Wealth’s formal entry into the FinTech and digital investing area, whereas offering Wealthyhood with the capital to push its growth throughout Europe. The corporate will use the funds to boost its platform’s know-how, combine extra AI options, and scale into new markets, beginning with Greece.
In line with Alexandros Christodoulakis, Co-founder & CEO of Wealthyhood: “Wealthyhood was born from a easy realisation: the monetary system has failed to supply significant entry to the overwhelming majority of individuals. Entry doesn’t imply with the ability to purchase a inventory from a cellular app. It means having the instruments, data, and steering to achieve monetary independence on equal phrases. We share a standard imaginative and prescient with International Wealth, a imaginative and prescient for democratising investments and empowering our era for monetary prosperity.”
Based in 2020, Wealthyhood has constructed its providing round 4 core pillars: schooling, saving, investing, and automation. Its content material platform options over 50 interactive classes, market briefings, and personalised insights.
Wealthyhood’s Financial savings Vaults pay market-beating rates of interest, whereas the funding characteristic gives commission-free entry to fractional shares from as little as €1. Customers may also activate Wealthyhood Autopilot to automate their month-to-month funding plans, financial savings habits, and portfolio rebalancing in a single click on.
The startup’s mobile-first app guides customers via saving, investing, and wealth-building with the help of automation instruments, monetary schooling modules, and personalised AI-powered funding methods. It already counts over 50,000 energetic customers in the UK, a promote it entered with reportedly “minimal advertising and marketing spend“.
The strategic partnership comes as Wealthyhood strikes into Greece and the broader EU market, having not too long ago secured licensing from the Hellenic Capital Market Fee. The corporate can be launching B2B providers, making its platform obtainable to banks and monetary establishments aiming to modernise their digital funding choices.
Michalis Ioannidis, CEO of International Wealth, added: “International Wealth was created
for one cause: to offer everybody the chance to realize monetary freedom. This
requires folks having direct, digital entry to handle their funds. We imagine that
the approaching years would be the period of WealthTech globally. Right now, we’re taking the primary
decisive step with Wealthyhood, an organization that has the know-how, enterprise mannequin,
and product to beat this sector.”
In line with figures supplied by Wealthyhood, Europe’s digital funding market is predicted to triple its consumer base by 2028, with property below administration climbing from €1.5 trillion to €4.6 trillion by 2029. Millennial and Gen-Z buyers are set to handle over €30 trillion globally by 2030, “marking the most important wealth switch in historical past“.
Wealthyhood’s growth into “underserved markets similar to Southeastern Europe” is well timed. These markets are seeing consumer development charges exceeding 27% yearly, positioning the corporate properly to turn out to be a go-to answer for younger Europeans looking for monetary independence.
Greater than 40 non-public and institutional buyers throughout the UK, Greece, and Europe participated within the spherical, highlighting Wealthyhood’s potential.
