Stockspot confirms Series B funding round
Funds from Stockpot’s successful $3 million Series B funding round are being used to continue developing products and growing clients to place the robo-advice fund manager in a strong market position, according to its chief executive.
Commenting on the success of the capital raise, Stockspot chief executive and founder, Chris Brycki, said the aim now was to establish a leading position in digital investment services.
“The capital raise will allow us to further develop our digital advice offering and attract a broader range of Australian investors,” he said.
“The calibre of Stockspot’s investors and the belief they have in our company demonstrates that digital wealth management will fundamentally change financial services in Australia.”
The capital raise was led by founder of ETF Securities and Alium Capital, Graham Tuckwell.
AUTHOR
Hope William-Smith
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
