Jan. 22, 2019
Nutmeg, a digital wealth management platform, has received a $58 million (45 million pounds) investment let by Goldman Sachs Principal Strategic Investment Group, according to a blog post.
Convoy, a Hong Kong-based wealth advisory firm and prior investor in nutmeg, co-led the investment round.
"This will enable us to continue to deliver on our objective to be the most trusted and fastest growing digital wealth manager in the world, by delivering innovative new products and features that expand our offering," Martin Stead, CEO of Nutmeg, said in the blog post.
He said the funding will also help the firm expand with an international B2B plug and play partnership model that leverages its proprietary technology.
The company has grown to become the largest digital wealth manager in Europe and the eighth largest wealth manager in the U.K., with 60,000 investors using the service.
Topics: Financial News, Mobile Apps, Mobile Banking, Region: EMEA
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