Evolute, a Zug, Switzerland-based fintech startup, completed a CHF6M first round of financing.
The backers were not disclosed.
In March, the Evolute Group announced a merger with SwissComply, a provider of regulatory services for asset managers, and Evolute is now taking a further step ahead. The new capital now will be used for further development of the platform and expansion of technologies for portfolio optimization.
Led by Kaspar Wohnlich, CEO, Evolute provides technology wealth and asset management solutions for compliance, legal, and risk management, as well as data operations.
The company, which serves banks, asset managers with and without collective investments, and family offices, has additional locations in Zurich, Switzerland and Lviv, Ukraine and 48 employees in total.
In addition to the funding, Evolute announced it has been included in the Growth Accelerator Program of the Swiss Startup Factory.