Wealthtech platform Quantifeed completes series B+ round of investment
Image credit: Pixabay

Hong kong-based Quantifeed, a wealth management solutions platform, has completed its series B+ investment round with an undisclosed amount of funding from asset management giant Franklin Templeton. 

According to CrunchBase, the company was founded in 2013 in Hong Kong and has since grown into APAC markets, most prominently Australia, Japan, Singapore, and Thailand. In these regions, Quantifeed’s platform allows banks and other financial institutions to connect with users, and offer them financial investment portfolios under their own brand. 

Quantifeed’s software provides financial institutions with a prolific platform to market their wealth management products. This allows firms to reach hundreds of thousands of consumers with relative ease. 

The company has decided to deliver on its promise of “wealthcare”, something that founder-CEO Alex Ypsilanti defines as “the financial wellness of an individual”. To achieve this, Quantifeed combines software engineering and quantitative finance, allowing financial institutions a chance to become wealthcare providers. 

Quantifeed’s platform is called QEngine, and it allows users to browse through several portfolios. It also allows them to top-up or withdraws money from their investments. 

Portfolio managers, advisors, and administrators can control their profiles on QEngine using their own version of the platform. This makes QEngine a one-stop-shop platform for investment plans. 

Where will Quantifeed use the funds?

With the recent funding the company raised, Quantifeed is planning to venture into new markets like Malaysia and China’s Greater Bay Area. Moreover, its existing markets are experiencing a huge surge in demand for investment advice, due to a fast-growing affluent-class and an ageing population. The company is also planning to offer retirement solutions as an additional service soon. 

Quantifeed’s current platform will also undergo updates as the company incorporates the virtues of Machine Learning into its business. The recent funding will also enable the company’s current platform to churn out solutions that are efficient, flexible, and more scalable. 

Harshendu Bindal, head of digital strategy and wealth management at Franklin Templeton, exuded faith in Quantifeed and said that it is an important part of the ecosystem in the region, where demand for wealth advice is increasing.  

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top 5 UK fintech startups set to disrupt the sector

The ongoing pandemic has caused businesses in all sectors to remodel internal…

Donald Trump fires cybersecurity chief Chris Krebs after he debunked voter fraud theories

Late Tuesday evening, President Donald Trump fired the chief of the CISA…

71% increase in ransomware attacks in healthcare sector in October 2020

Following the joint advisory issued by three federal agencies, CheckPoint Security published…