Yomoni, a Paris, France-based automated portfolio management service, raised $5.4m in funding.
Backers included existing investors Crédit Mutuel Arkéa and Iéna Venture.
The company will use the funds to continue to expand operations in Europe.
Led by Mourtaza Asad-Syed, Laurent Girard, Sébastien d’Ornano and Albin Debeaupuis, Yomoni is an online private service (robo-advisor) for people to access wealth portfolio management services. The company receives people’s savings and automatically manages a portfolio, buying and selling stocks, bonds, etc.
Yomoni currently has 2,000 clients.