Elinvar receives 25 million euros
The platform-as-a-service start-up wants to invest the money raised in its expansion.
Elinvar wants to connect the entire investment ecosystem. The Berlin-based start-up received 25 million euros in a financing round. The main investor is the London-based investment company Toscafund Asset Management. The previous shareholders Ampega Asset Management, Finleap and Goldman Sachs have also invested.
Elinvar offers a WealthTech Platform as a Service (PaaS) that enables banks and asset managers to digitize their business models. "Wealth management is undergoing a massive transformation," says CEO Chris Bartz. "In order to offer their clients the best solutions, banks and asset managers need to focus on their core competencies and work with other partners who complement their expertise."
The money raised will be invested in expansion. Elinvar was founded in 2016 and today more than 100 employees work for the start-up. A second location will be opened in Magdeburg.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
