From robo-advisors to personal finance & savings tools to impact investing platforms, these private companies are leading wealth management innovation in Europe.
Europe-based wealth tech companies are leveraging online platforms, software, and other tools to provide alternative ways for retail investors and advisors to invest or manage money.
Although 2020 wealth tech funding in Europe dipped from the highs set in 2019, it outpaced 2018 levels by 20%. Investors pulled back on funding riskier early-stage deals and instead participated in more mid- to late-stage rounds during the pandemic. For example, digital marketplace PrimaryBid, which gives investors access to alternative investments, raised a $50M Series B round in October.
Wealth tech startups in Europe are also developing sustainable and impact investing platforms. Companies like Lendahand have raised money within the last year, leading a new generation of fintechs that are building ways to access environmental, social and governance (ESG) data and invest in ESG-focused companies or products.
Below, we used the CB Insights Wealth Tech Collection to identify over 80 wealth tech companies that are reinventing wealth management in Europe. Companies are divided into 8 overarching categories based on the services and software they offer, such as digital brokerages, personal finance & savings, and robo-advisors.
Click on the image below to enlarge. This market map consists of private, active companies only and is not meant to be exhaustive of the space. Categories are not mutually exclusive, and companies are mapped according to primary use case.