London-based FinTech startup Wealthyhood, a wealth-building app serving to youthful buyers study, save, make investments and construct wealth, has raised €3.6 million in a strategic funding spherical, with World Wealth Group PLC stepping in as lead investor.
The transfer indicators World Wealth’s formal entry into the FinTech and digital investing house, whereas offering Wealthyhood with the capital to push its enlargement throughout Europe. The corporate will use the funds to reinforce its platform’s know-how, combine extra AI options, and scale into new markets, beginning with Greece.
In accordance with Alexandros Christodoulakis, Co-founder & CEO of Wealthyhood: “Wealthyhood was born from a easy realisation: the monetary system has failed to supply significant entry to the overwhelming majority of individuals. Entry doesn’t imply having the ability to purchase a inventory from a cellular app. It means having the instruments, information, and steerage to achieve monetary independence on equal phrases. We share a standard imaginative and prescient with World Wealth, a imaginative and prescient for democratising investments and empowering our technology for monetary prosperity.”
Based in 2020, Wealthyhood has constructed its providing round 4 core pillars: training, saving, investing, and automation. Its content material platform options over 50 interactive classes, market briefings, and personalised insights.
Wealthyhood’s Financial savings Vaults pay market-beating rates of interest, whereas the funding function gives commission-free entry to fractional shares from as little as €1. Customers can even activate Wealthyhood Autopilot to automate their month-to-month funding plans, financial savings habits, and portfolio rebalancing in a single click on.
The startup’s mobile-first app guides customers by way of saving, investing, and wealth-building with the assist of automation instruments, monetary training modules, and personalised AI-powered funding methods. It already counts over 50,000 energetic customers in the UK, a promote it entered with reportedly “minimal advertising and marketing spend“.
The strategic partnership comes as Wealthyhood strikes into Greece and the broader EU market, having just lately secured licensing from the Hellenic Capital Market Fee. The corporate can be launching B2B companies, making its platform accessible to banks and monetary establishments aiming to modernise their digital funding choices.
Michalis Ioannidis, CEO of World Wealth, added: “World Wealth was created
for one purpose: to provide everybody the chance to attain monetary freedom. This
requires individuals having direct, digital entry to handle their funds. We consider that
the approaching years would be the period of WealthTech globally. Immediately, we’re taking the primary
decisive step with Wealthyhood, an organization that has the know-how, enterprise mannequin,
and product to overcome this sector.”
In accordance with figures supplied by Wealthyhood, Europe’s digital funding market is predicted to triple its consumer base by 2028, with belongings beneath administration climbing from €1.5 trillion to €4.6 trillion by 2029. Millennial and Gen-Z buyers are set to handle over €30 trillion globally by 2030, “marking the most important wealth switch in historical past“.
Wealthyhood’s enlargement into “underserved markets akin to Southeastern Europe” is well timed. These markets are seeing consumer progress charges exceeding 27% yearly, positioning the corporate properly to change into a go-to answer for younger Europeans in search of monetary independence.
Greater than 40 non-public and institutional buyers throughout the UK, Greece, and Europe participated within the spherical, highlighting Wealthyhood’s potential.
