FNZ, a Wellington, New Zealand founded wealth management platform provider, raised US$1.4 Billion in funding.
The round was led by Canada Pension Plan Investment Board and Motive Partners. The fundraising values FNZ at over US$20 billion.
The company intends to use the funds to further accelerate its growth through increased R&D, as well as driving growth in markets that FNZ have recently entered, in particular North America. CPP Investments is investing a total of US$1.1 billion.
FNZ combines technology, infrastructure and investment operations in a single platform that frees its institutional customers to create hyper-personalized and innovative products and services that are aligned with the needs of their clients. The company, which is partnering with over 650 financial institutions including abrdn, Allianz, Aviva, Barclays, BNP Paribas Cardif, BNZ, Colonial First State, Generali, Jarden, Lloyds, Momentum, NAB, Quilter, Swedbank, UOB and Vanguard, and over 8,000 wealth management firms, has over 4,000 employees in 21 countries.
FinSMEs
15/02/2022