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Goldman Sachs-backed WealthTech Elinvar secures €25 million funding round
21 January 2021
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Berlin-based WeathTech outfit Elinvar has secured €25 million in a funding round led by ToscaFund Asset Management.
Existing shareholders Ampega Asset Management, finleap and Goldman Sachs - which already holds a 13.9% stake in the company - also participated in the round.
Spawned from the finleap fintech factory in Berlin in 2016, Elinvar operates a multi-tenanted, platform-as-a-service model that connects banks, discretionary portfolio managers, third party providers. The platform offers a suite of service packages for core processes like client relationship management, online onboarding, onsite advisory support, portfolio management, reporting, invoicing, online client access and communication as well as third party connections, for example to custodian banks, market data or KYC providers.