The success of this fundraising, carried out despite the difficult economic context for tech and particularly FinTech, underlines the relevance of our value proposition: Olivier Herbout of Ramify Stated Following the €11 Million Funding Round
“We thank our investors for their trust.”
Olivier Herbout, Co-Founder, Ramify (Photo: Ramify)
Ramify, the innovative wealth management and financial advice platform, announces a fundraising of €11 million in Series A. This funding round was led by 13books, with the participation of Fidelity International Strategic Ventures and historical investors that are Newfund, AG2R LA MONDIALE through its investment fund ALM Innovation, Crédit Agricole Brie Picardie, and business angels. This financing will allow Ramify to accelerate its development and become the essential investment solution for the new generation of investors in France.
Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify meets the new needs of investors looking for quality investment solutions, and simplifies access to multi-product asset management. Since its launch, Ramify has experienced exponential growth with assets under management increasing 20-fold in 18 months. Wealthtech today offers the most extensive range of products and services on the market.
An all-in-one investment platform for a premium experience
The all-in-one investment platform offers a complete wealth management solution combining digitalization, advice and reduced fees. Mainly aimed at French individuals with between €100,000 and €5 million in financial assets, it provides access to a wide range of financial products, tax solutions and premium services.
Its offering, unique on the market, includes managed life insurance and PER, investments in private equity and real estate, short-term savings products but also other alternative investments such as crowdfunding or structured products. . The wealthiest investors also benefit from exclusive services such as Lombard credit, Luxembourg life insurance and art investments.
Strong growth, accompanied by a strong structural movement in the sector
So many major assets to face the new challenges of the wealth management sector. Indeed, over the next fifteen years, European baby boomers are preparing to transfer more than €10,000 billion to new generations. Of these, more than 70% are looking for a new financial advisor to manage their new assets. In this context, Ramify positions itself as the innovative solution, capable of combining the advantages of digital with a personalized approach.
Made up of researchers in quantitative finance, developers and experts in the financial field, the Ramify team has been able to combine finance, technology and human expertise to offer a premium customer experience. Through an automated back office and artificial intelligence, it manages a growing client base while using data extensively to provide personalized advice and optimize investment strategies. At the same time, their financial advisors offer a human service, ensuring that the specific needs of each client are met. It also provides them with tools based on artificial intelligence to help them optimize their investment strategy and their taxation.
Support from investment references
Wealthtech is today raising €11 million from a consortium of investors led by 13books, which also includes Fidelity International Strategic Ventures (FISV) and its historic investors Newfund, the AG2R LA MONDIALE Group through its investment fund ALM Innovation, Crédit Agricole Brie Picardie and business angels who provided €3.5 million during a seed round in 2022.
Alongside FISV and 13books, Ramify continues to surround itself with market specialists.
This operation will allow Ramify to accelerate even further on the research and development of artificial intelligence subjects to become a leader in its sector.
Olivier Herbout, co-founder and Chief Investment Officer of Ramify, declares: “We thank our investors for their trust. The success of this fundraising, carried out despite the difficult economic context for tech and particularly FinTech, underlines the relevance of our value proposition. This operation constitutes a major milestone in the Ramify adventure and will allow us to become the high-end investment solution for the new generation of investors in France.”
Michael Sim, Partner at Fidelity International Strategic Ventures, adds: “Private management is facing major challenges in France; eroding business models and a new generation of investors demanding a personalized and accessible offer are changing the situation for traditional players. We believe that the Ramify team is ideally placed to provide a response to this issue. Their impressive momentum to date, coupled with strong interdisciplinary backgrounds, gives them an excellent position to excel in this market.”
Michael McFadgen, co-founder and Partner at 13books, concludes : “We are delighted to support Samy, Olivier and the Ramify team, who are at the forefront of a major change in wealth management. Intergenerational wealth transfer will bring significant changes to investor behavior and disrupt existing businesses. Their unique and comprehensive product offering attracts a new generation of tech-savvy investors. With an exceptional team driving impressive growth, Ramify is poised to become the go-to investment solution for the next generation of investors. We are delighted to support them.”
The Ramify PR team shared this piece with SME Business Review.
