Quantifeed completes Series B funding
Digital wealth management platform provider Quantifeed has completed a Series B-plus funding round with investment led by Franklin Templeton.
The latest funding would help the firm grow in new and existing markets – which included Australia, Hong Kong, Japan, Singapore, Taiwan and Thailand – and improve its platform capabilities.
It would also accelerate expansion into new markets, which included Malaysia and China’s greater bay area.
Alex Ypsilanti, Quantifeed chief executive and co-founder, said the backing of Franklin Templeton further strengthened the partnership they had with Legg Mason which it had acquired.
“Despite the tough economic backdrop created by COVID-19, this is a vote of confidence in our vision, product proposition and track record of delivery,” Ypsilanti said.
“The capital will allow us to service an increasing number of institutions that are transforming themselves into providers of wealthcare – the financial wellness of an individual.
“We will continue to strengthen our presence in Australia by offering digital wealth solutions to the Australian financial services sector.”
Harshendu Bindal, Franklin Templeton head of digital strategy and wealth management, said Franklin Templeton’s Series B-plus investment underscored their confidence in Quantifeed.
“Their platform powers digital wealth offerings for financial institutions across Asia,” Bindal said.
“They are an important part of the ecosystem in the region, where demand for wealth advice and retirement solutions is increasing.
“It underlines our continuous commitment to helping financial institutions digitize their client experience and advisor processes.”
AUTHOR
Chris Dastoor
Recommended for you
The levy payable by financial advisers for the Compensation Scheme of Last Resort has almost quadrupled for FY26 as the government launches a formal review.
Melbourne and Perth-based Endeavor Asset Management has added 24 financial advisers to its AFSL this week, with overall industry numbers rising by more than a dozen.
The industry has reacted to the retirement of Stephen Jones as Minister for Financial Services, recognising his efforts on scams and financial reforms.
Australian advised clients are the most eager among global peers to invest in private markets, according to Hamilton Lane, with their knowledge of the asset class also being higher.
