Fintuity raises USD3m in development funds
Fintuity, a UK digital Independent Financial Adviser (IFA) has raised over three million USD of private and institutional investment over the past year to further develop solutions to extend expert financial advice and support those looking to ensure that their financial portfolio is working for them during these difficult times.
Fintuity is using the funds to further develop its technical platform to offer practical AI-driven advice through our Virtual Adviser.
Currently in development, the Virtual Adviser matches the exact client circumstances with bespoke financial products and a roadmap strategy to help optimise their portfolio.
Whilst the investment climate continues to be challenging, the secured funds will be used to expand our technical offering to clients moving into 2021 and beyond, with the express aim of levelling access to financial advice through the use of cutting edge technology.
After a number of successful investment rounds, we see this funding and the associated planned technological developments as a major step forward in tackling the UK’s growing advice gap.
Fintuity is an entirely digital platform that unites the Independent Financial Adviser (IFA) and consumer in one fully secured and easy to use interface that mitigates the health risk of meeting your financial advisers face to face.
According to Ed Downpatrick, Fintuity’s Strategy Director: "Given the current climate, we are delighted that this funding has been awarded and would like to thank our investors – we see it as an integral part of our platform development to deliver the advice that is so sorely needed during this difficult time in and in the coming months will be used to further develop the Fintuity platform to deliver the right advice to our growing number of clients.
"Over the past year, Fintuity has been delivering advice to not only significant numbers of customers who have embraced digital advice but also our NHS workers. In short the Fintuity platform offers a health-risk free at a time when peace of mind is required the most.
"From pensions, investments and savings advice to applying for mortgages and unlocking capital from existing properties there will be an ongoing day to day need to access the right advice – on-time and within budget. This new funding will enable us to further deliver real-time advice to those that need it the most.
"We see access to financial advice as a necessity to ensure that your funds and portfolio work for you – Fintuity is your digital financial partner in these uncertain times."