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.
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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.
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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.
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