LONDON (Reuters) – Digital wealth administration firm Moneyfarm stated on Thursday it had raised 36 million kilos ($44.four million) from Poste Italiane and Allianz Asset Management in its newest funding spherical.
Moneyfarm additionally stated it plans a strategic partnership with Poste Italiane that can see the monetary expertise firm’s digital funding recommendation and managed funding portfolios made accessible to the Italian firm’s clients on its platform.
The Series C funding spherical marks the third time Moneyfarm has raised cash from outdoors buyers. Since launching in 2012, it has attracted 40,000 lively buyers with mixed belongings of 734 million kilos.
Reporting by Simon Jessop, modifying by Kirstin Ridley