BurdaPrincipal Investments (BPI), the international growth capital arm of Hubert Burda Media, has expanded its investments to include the fintech sector and participated in the current financing round of the pension and investment app Moneybox. BPI also invested mid-year in Singapore-based StashAway, a digital wealth manager for private clients and investors.
BPI has identified four key trends in fintech that make for an interesting investment case: Low customer trust in incumbents, the democratization of access to financial data, the plethora of untapped segments, and the rebundling of financial services.
Read more on the subject and find the most important business news with our companion app. Born2Invest is available for free for both Android and iOS devices and keeps its users up to date with the latest financial affairs of the world
Wealth management consulting with Moneybox
Established wealth managers have traditionally tended to focus on wealthy clients. More than 20 million individuals in the UK therefore lack comprehensive wealth management advice. Yet they too put money aside for specific goals, such as an important life event or the purchase of a property, and look for ways to invest their pensions wisely. Since a change in the law in the UK, pensions are no longer paid out monthly, but in a lump sum.
Saving money and investing in the future
Moneybox’s mission is to make efficient saving and investing in the future accessible to everyone. To do this, Moneybox relies on technology that allows customers to set aside money in the way that suits them – whether it’s for their first home, retirement or investing in the future.
All services are accessible through an app that is easily personalized, user-friendly and includes comprehensive support. By building a trusted brand, developing different savings and investment options, and an app that meets the highest standards, Moneybox has already achieved great success in the mass market, attracting over 500,000 customers, mostly millennials. The company currently consists of a team of around 170 employees in the UK.
Stash Away – global growth-oriented investment portfolios
Back in July 2020, BurdaPrinicpal Investments also participated in a funding round of Singapore-based startup Stash Away (Series C) led by Australian VC firm Square Peg, raising a total of $16 million.
Stash Away was founded in 2016 and operates in Singapore, Malaysia, Thailand, Hong Kong, as well as the United Arab Emirates. The startup is a digital asset management platform that offers investment and cash management portfolios to both retail and accredited investors.
The company offers global, growth-oriented investment portfolios designed for different levels of risk – return-oriented income portfolios and the straightforward cash management solution, Stash Away Simple.
Currently, Stash Away employs 85 people in five countries.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in gi GELDINSTITUTE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Colombia Now a Major Player in Industrial Cannabis Production
The new decree signed in Colombia is aimed at safe and informed access to medical and scientific use of cannabis....
Eltif ALICrowd Invests €600,000 in the Equity Crowdfunding Campaign of Orapesce
Orapesce allows people to buy fresh fish online and receive it at home throughout Italy, 3 days a week. The...
New Control System of Industrial Products Imports in Morocco
The Ministry of Industry, Trade, Green Economy and Digital held, July 12th, a meeting with representatives of structures involved in...
The Metaverse Is the Way of the Future, and Facebook Just Confirmed It
The metaverse is a fast-emerging reality billed to become the place where we will all live and work in the...
The ETF Market Reached €589 Billion in the First Half of the Year
Global indices recorded the bulk of flows in Europe with $40.5 billion (€34.3 billion) followed by the U.S. and North...