Goal based investing platform Fountain raises first seed round
by Startacus Admin
Fountain, a London based fintech startup aiming to make investment advice more accessible and empower people to achieve their financial goals, has secured it's first seed round.
A goal based investing platform, Fountain was born only a few months ago by former Citigroup traders Dann Bibas and Nishil Parekh with a vision to digitize the advisory process and offer bespoke investment plans that revolve around people’s goals. Put more simply - they realised that investment advice hadn't adapted to the needs of the smartphone generation. Dann wrote more generally about the fintech revolution for Startacus only a few months ago - and we are delighted to see this seed investment come to fruition so quickly.Using smart tech to build investment plans that can help you reach your goals more effectively, by automating the advice
process and by bringing it online, Fountain can offer bespoke investment plans at a fraction of the cost of a traditional advisor. Bingo - potential disruption!Their tech reviews your objectives and how much you can put aside, and offers personalized investment plans that you can put into action. By continuing to collect data on their customers needs, robo-advisors evolve with them, becoming smarter, more personalized and ultimately more helpful. Instead of confusing acronyms like ISAs, LISAs and SIPPs- Fountain demystifies the jargon.
The investment round was led by Patrick Day, chairman of Day Cooper Day, a specialist pensions provider who had this to say about the investment: “Current financial advice offerings have struggled to keep pace with the rapidly changing needs of the smartphone generation. Fountain will bring a leap forward in the market.”
Dann Bibas, co-founder, commented “The future looks very bright for Fountain, we’re simplifying investing at a time when the UK consumer is embracing new technologies to grow their hard earned money”.
They will use this seed round to invest in technology, growth and work towards their FCA license. Congrats Dann, Nishil, and all the team at Fountain.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Clare Martin, Director of Blue Cactus Digital and Founder of Confident Tiger, shares her insights into the do's and don’ts of green marketing and how to avoid greenwashing.
It's a pretty challenging time to be a small business owner - these basic tips on what they can do to avoid closure whilst increasing profitability should help...
.jpg)
The Feast It mission to disrupt the global events industry continues thanks to €5m venture-led round.
Material Evolution raises $3.4m to support further development of its innovative and sustainable alternative to concrete
Moderating a panel discussion? Jon Lam from Toastmasters International shares his tips on how to do just that with ease
Magherafelt-based company SmartWorkPlus launches new range of products for enhanced facilities management, thanks to support from the Ulster Bank Accelerator Programme
Muddy Trowel is a London-based startup that's on a mission to enable all plant lovers to learn more about gardening,regardless of the size of their outdoor space.
SleepCogni is a Sheffield-based healthtech startup that's developing an innovative handheld device and SaaS platform to help provide a good night's sleep
Tesco and RangeMe partnership presents new opportunity for British suppliers to market their brands and grow their retail relationships
Exporting Founders is a new 12-week startup programme for NI-based early stage entrepreneurs, facilitated by Startacus, in partnership with Young Enterprise NI.
Published on: 22nd November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Further success for Feast It as it raises a €5m venture round 23rd Nov 2021 The Feast It mission to disrupt the global events industry continues thanks to €5m venture-led round.
- Material Evolution secures investment to help transform the foundation industries 23rd Nov 2021 Material Evolution raises $3.4m to support further development of its innovative and sustainable alternative to concrete
- Fintech insurance startup Nimbla raises £5.1m 3rd Nov 2021 London-based startup Nimbla secures investment to support scaling of its innovative invoice insurance business
- Future of Work, workplace and business solutions startups selected for Work: In Progress pitch comp 2nd Nov 2021 8 NI- and ROI-based startups with innovative solutions for the Future of Work, workplace and ways of working selected to pitch to the judging panel at Work: In Progress.
