Cyberport start-up Quantifeed, Asia’s leading digital wealth management solutions provider for financial institutions, announced its Series C funding round led by HSBC Asset Management’s (HSBC AM) alternative investments business, HSBC Alternatives. HSBC AM is joined by Daiwa PI Partners and current shareholders, including global asset manager Franklin Templeton and global investment firm LUN Partners Group.
The company will use the funds to strengthen its solutions for advisors, portfolio managers and end-customers. It intends to enrich its portfolio design, advice and trading engines, and enable wealth management across a broader set of asset classes including structured products, private equity, and digital assets. As part of expansion plans, Quantifeed will accelerate talent acquisition across the Asia-Pacific region, particularly Japan and Southeast Asia.
“Quantifeed's mission is to help financial institutions become providers of wealthcare, a customer-centric wealth management service that makes investing easy, accessible and relatable for everyone,” said Alex Ypsilanti, Quantifeed’s CEO and Co-Founder. “We are thrilled to have the support of new and existing investors who believe in our business model and want to suppoxrt our growth. We're using these funds to strengthen our leadership in the automated generation and implementation of financial advice.”
Quantifeed enables financial institutions, including banks, brokers, and insurance companies to grow their wealth management business with compelling digital propositions. QEngine, Quantifeed’s modular platform, allows wealth managers to create new digital channels for customers, and increase the productivity of their advisors and portfolio managers.
Quantifeed operates in Hong Kong, Singapore, Japan, Australia, and India, and has deployed QEngine to some of Asia’s largest financial institutions, including DBS Bank in Singapore, MUFG Bank in Japan, and Cathay United Bank in Taiwan.
