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French wealth management startup Ramify raises €11M for new-gen investors

Ramify team
Picture credits: Ramify

Ramify, a French wealth management and financial advisory platform, has snapped €11 million in Series A funding. The round was led by UK-based VC 13books Capital (invested in Aria and Banxware), with participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R, Crédit Agricole, and business angels. 

The funding will enable Ramify to accelerate its development and become the go-to investment solution for the new generation of affluent investors in France. 

What challenge does it tackle?

Over the next fifteen years, European baby boomers are expected to transfer more than €10 trillion to the next generations. Among them, over 70% are seeking a new financial advisor to manage their newly acquired assets. While traditional players lack the agility to adapt to these upheavals, digital players struggle to meet the needs of premium clients. In this context, Ramify positions itself as the innovative solution capable of combining the advantages of digital with a personalised approach.

All-in-one investment platform

Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify addresses the evolving needs of investors seeking high-quality investment solutions and simplifies access to multi-product asset management. Since its launch, the company has experienced exponential growth, with assets under management growing 20 fold over 18 months. 

With a team of finance researchers, developers, and financial experts, the company integrates with finance, technology, and human expertise to deliver a premium client experience. With an automated back-office and artificial intelligence, Ramify manages a growing client base while intensively leveraging data to provide personalised advice and optimised investment strategies. 

Its financial advisors provide human services, ensuring the specific needs of each client are met. Additionally, they provide tools to help clients optimise their investment strategies and taxes to the fullest.

Olivier Herbout, co-founder and Chief Investment Officer of Ramify, stated: “We thank our investors for their trust. The success of this funding round, achieved despite the challenging economic context for tech and particularly fintech, underscores the relevance of our value proposition. This operation marks a major milestone in the Ramify journey and will enable us to become the leading premium investment solution for the new generation of investors in France.”

Michael Sim, Partner at Fidelity International Strategic Ventures, stated: “Wealth management faces significant challenges in France; eroding business models and a new generation of investors demanding a personalised and accessible offering are changing the game for traditional players. We believe that the Ramify team are excellently placed to solve this problem, their impressive momentum to date paired with strong interdisciplinary backgrounds gives them an excellent footing to excel within this market.”

Michael McFadgen, Co-founder and Partner at 13books added: “We’re thrilled to back Samy, Olivier and the team at Ramify, who are at the forefront of a major shift in wealth management. Intergenerational wealth transfer will bring major changes in the behaviour of investors and disrupt existing businesses. Their unique and comprehensive product offering is attracting a new generation of tech-savvy investors. With an exceptional team driving impressive growth Ramify is set to become the go-to investment solution for the new generation of affluent investors. We are thrilled to back them.”

What do we think about Ramify?

The wealth management platform revolutionising investment for the new generation of affluent investors is all set to become a leader in this sector with AI. With €11 million in Series A funding, it expertly combines digital innovation and personalised service. It stands out for its agile, data-driven approach and growth, positioning itself as a leading investment solution.

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