WealthArc closes $4 Million pre-series A round

WealthArc is a leading and award-winning Zurich-based wealthtech company bringing thorough digitization to wealth management with its cloud-native platform. The company provides its clients with access to high-quality investment data that is automatically gathered and curated by artificial intelligence. With clients of more than 60 private banks already benefiting from the solution through proprietary connections (APIs), WealthArc boasts of a growing number of customers in Switzerland (Zurich, Geneva, and Lugano) others) as well as in Singapore, Dubai, and the United Kingdom. Despite the pandemic in 2020, the company was also able to win its first clients from Latin America and Asia.

To further support its vision of becoming the leading wealth management data hub, WealthArc has secured $4 Million in a pre-series A round from US and Swiss investors. Chris Gogol, Co-Founder and CEO of WealthArc, is delighted by this milestone. It will enable the company to get closer to executing its mission of becoming the most comprehensive wealth management information hub in Switzerland and beyond.

Commenting on this achievement, Eric Roditi, Partner at RJ Management, a participant in this funding round, said: “We met WealthArc in 2018 when conducting internal Portfolio Management System due diligence. The selection and successful integration of WealthArc into our operations led us to become a client, and subsequently an investor. It is the first time we have invested in a private company we discovered as a user. After 3 consecutive years of 200% growth per annum, we are confident that WealthArc’s trajectory can be accelerated with this additional funding.”

WealthArc will use the funding to strengthen overseas growth and expand its presence in the domestic Swiss market. The company will also leverage this new capital to continue developing its digital platform and value proposition, mainly in the fields of artificial intelligence, custodian data reconciliation, analytics, recruitment strategy, and new business opportunities. WealthArc is the first cloud-native solution for wealth managers in Switzerland. It has proven indispensable during lockdowns, empowering financial advisors to have quick access to any investment or client information securely while working from home.

Managers from top-notch firms join WealthArc
The company employs over 40 professionals located in Zurich, Geneva, and in an R&D centre in Warsaw. Recently, WealthArc welcomed new top-notch executives from top tech firms, including additiv, Crelogix to its management board.

(Press release/RAN)