From robo-advisors to mobile investing, we highlight 110+ companies transforming how consumers and businesses invest and manage wealth.
Wealth tech companies are reshaping the way retail and institutional investors manage wealth.
The space has gained momentum in 2020, with wealth tech companies raising $3.4B to date — already a 29% increase from $2.6B in 2019.
Amid the Covid-19 outbreak, robo-advisors and online brokerages reported record-high user activity, as the pandemic accelerated digital adoption. The pandemic-induced stock market crash and low stock prices also drove more first-time investors to investing and trading platforms like Stash and Robinhood, each of which have raised funding rounds at higher valuations in 2020.
Using CB Insights’ Wealth Tech Collection, we organized over 110 wealth tech companies into 2 main categories based on the client group they serve: business-to-consumer (B2C) and business-to-business (B2B). Companies are further divided into 10 different groups based on the services and software they offer, such as digital brokerages, financial planning, and alternative investing.
Our definition of the wealth tech category includes full-service brokerage platforms, automated robo-advisors, self-service investment platforms, asset class specific marketplaces, and tools for both individual investors and advisors to navigate the changes in the wealth management industry. It excludes both personal and corporate expense management and monitoring tools, tools specific to investment banks, and high-frequency trading platforms.
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.