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Ramify Announces Series A Funding to Simplify Multi-Product Asset Management

Investors want simple access to multi-product asset management, giving them clear oversight of their investments. They want to easily identify the movement of different stocks and the ability to act on these movements if they see fit. Ramify, the wealth management platform that announced its Series A funding is seeking to help investors with these ideals.

Since its launch in 2021 by Olivier Herbout and Samy Ouardini, Ramify has experienced exponential growth, with assets under management growing 20-fold over 18 months. As such, it was able to raise €11million in its Series A funding round which was led by 13books Capital. There was also participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R, Crédit Agricole and business angels. In 2022, they contributed €3.5million in a seed round.

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.”

What is on offer

The all-in-one investment platform provides a comprehensive wealth management solution that combines digitalisation, advisory, and reduced fees. Primarily targeting French individuals with €100,000 to €5million in financial assets, it offers access to a wide range of financial products, tax solutions, and premium services.

Its market offering includes stocks, bonds, real estate, private equity, cash, structured funds and crowdfunding. The most affluent investors also benefit from exclusive services such as Lombard lending, Luxembourg life insurance, and art investments.

Over the next fifteen years, European baby boomers are expected to transfer more than €10trillion to the next generations. Among them, over 70 per cent 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.

Composed of quantitative finance researchers, developers, and financial experts, the Ramify team has integrated 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 leveraging data to provide personalised advice and optimised investment strategies. Simultaneously, its financial advisors provide a human service, ensuring the specific needs of each client are met. Additionally, it provides cutting-edge tools to help clients optimise their investment strategies and taxes to the fullest.

Supporting Ramify
Michael Sim, partner at Fidelity International Strategic Ventures
Michael Sim, partner at Fidelity International Strategic Ventures

Michael Sim, partner at Fidelity International Strategic Ventures, said: “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.

“Additionally, we believe that the Ramify team are excellently placed to solve this problem, their impressive momentum to date paired with strong interdisciplinary backgrounds also gives them an excellent footing to excel within this market.”

Michael McFadgen, co-founder and partner at 13books
Michael McFadgen, co-founder and partner at 13books

Michael McFadgen, co-founder and partner at 13books concludes: “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.”

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