Nutmeg, a London, UK-based online wealth manager, secured £45m in funding.
The round was led by the Goldman Sachs Principal Strategic Investments Group.
The company intends to use the funds to launch new products and features to grow its offering, and continue to expand globally, via an international B2B plug-and-play partnership model which leverages its proprietary technology and operational expertise.
Led by Martin Stead, CEO, Nutmeg is a wealth manager specializing in investments, ISAs and pensions, via an online investment management service. The company has a 6 year performance track record in the UK, and over 60,000 customers who have invested more than £1 billion to date in such assets as:
– Stocks & shares, ISA,
– Stocks & shares, Lifetime ISA,
– General investment,
– Personal pension.
The company is authorized and regulated by the Financial Conduct Authority.