New capital for Forget Finance

Apparently, the Berlin-based fintech was able to raise a high seven-figure amount in a recent financing round.

Digital financial advisor Forget Finance is said to have received a high seven-figure sum, according to Finance Forward. However, the exact amount of the investment is not yet known.

The round is led by Munich-based Btov and UVC Partners. In addition, venture capitalist TA Ventures, which is also involved in fintechs Sumup, Clark or Finimize, has stepped in. Various business angels from the first round are also to be involved again. The two Interhyp founders Marcus Wolsdorf and Robert Haselsteiner are said to be investing again. Apparently, Personio founder Hanno Renner, Florian Brokamp from Thinksurance and Reiner Mauch have also invested.

Konradin Breyer and Jurek Herwig founded the investment fintech in 2020. Previously, Breyer was head of product at the fitness app Freeletics and Herwig was the technical director responsible for the Commerzbank app. The two founded the fintech to create an advisory service for Millennials. "Millennials' trust in financial advisors:is minimal - we want to revolutionize this industry," says Herwig.

The Forget Finance app relies on a hybrid advisory approach, where users can get advice from both an AI bot and a real financial expert. The real financial advisors can be accessed on a monthly subscription model. In addition, assets can be managed via the app.