Marstone Closes $5M Series A Funding

Marstone

Marstone, Inc., a NYC-based digital wealth technology company, held the second close of a $5m Series A financing round bringing total funding to over $20m.

The first close, led by Apex Fintech Solutions LLC, was completed in May 2020, with Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) leading the latest with a $2.5m investment. Other Series A participants include Peter Kraus, John Thain, Kristen Dickey, Tom Freeman, Michael Rafferty, Richard Wastcoat, and other early investors. Coupled with the investment, Amerant will nominate one director to serve on Marstone’s Board of Directors.

The company intends to use the funds to further diversify the financial planning and wellness toolset offered via its platform.

Founded in 2013 by Margaret Hartigan and Robert Stone, Marstone is a one-stop digital wealth platform accelerating customer-facing strategies for global organizations. The system has comprehensive integrations with custodians including Pershing, core banking platforms including Fiserv, account aggregation platforms, and investment managers. The company, which has offices in Providence, Rhode Island and New York, New York, has raised over $20m in total funding.  

FinSMEs

04/07/2021