Eight million euros for Wealthpilot

The fintech was not only able to convince its existing investors in a financing round, but also gain a new investor in Seventure.

The SaaS start-up Wealthpilot receives eight million euros. 3.4 million euros came from the new investor Seventure, with the remaining money coming from existing investors Bayern Kapital, MIG Fonds and several business angels. "Wealthpilot's growth rates are still impressive," says Bayern Kapital Managing Director Georg Ried. "The coronavirus crisis has once again accelerated digitalization in the financial sector enormously."

Wealthpilot, which is based in Munich and Graz, offers digital wealth advice. The SaaS platform automatically aggregates, analyzes and plans all of the customer's financial information at their request. Assets worth 42 billion euros are currently managed via the platform.

The start-up intends to use the new money to expand its data analysis. It also wants to list more real estate assets in the future. "In this way, wealthpilot creates the conditions for everyone to have clarity about what their financial situation looks like and how they can achieve their individual financial goals," says Co-CEO Stephan Schug.