Avenir, a UK-based wealth management solutions provider, has secured 拢420,000 ($530,000) in pre-seed funding.
Avenir empowers wealth managers and financial advisors through a comprehensive suite of tools using cutting-edge technology and artificial intelligence (AI) for personalised wealth management solutions at scale.
Leveraging advanced technology, Avenir revolutionises traditional practices for greater efficiency, personalisation, and impact.
The funding comes just three months after Avenir completed the ABN AMRO + Techstars Future of Finance accelerator programme.
Backed by leading investors including SFC Capital, Techstars, and prominent angel investors with experience leading financial institutions such as FNZ, JP Morgan, and Morgan Stanley, Avenir’s funding underscores its credibility and potential in the industry.
Ex-Revolut Jeremy Bensoussan, CEO and co-founder of Avenir, said: 鈥淐losing our pre-seed funding round within just three months reflects the market’s craving for personalised digital solutions in wealth management.
鈥淭he support from SFC Capital, Techstars, and our angel investors confirms our mission’s importance.
鈥淲ith this funding, we鈥檙e poised to disrupt the 拢1.2 trillion in assets under management within the wealth management sector in the UK, while continuing to innovate and deliver exceptional value to financial professionals and their clients.鈥�
Ed Stevenson, investment executive at SFC Capital, said: 鈥淎s the lead investor in Avenir, we’re thrilled to support its mission of reshaping the wealth management landscape.
鈥淚ts innovative approach and dedication to personalisation and digitalisation are truly impressive.鈥�
Allard Luchsinger, managing director of Techstars, added:聽鈥�Avenir’s team possesses the drive and expertise needed to make a significant impact in the financial industry.
鈥淲e’re excited to see them continue to innovate and disrupt the market with next generation wealth management tools.鈥�