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.
The startup that is on a mission to empower cyclists everywhere by providing the world’s largest cycle route collection in its innovative app
Black Young Professional Network, aka BYP Network will hit and surpass their Seedrs £500k funding round target.
.jpeg)
Planning to hire an accountant for your startup? Here are a few of the things you should consider before you do just that...
Sustainable reward scheme Bagboard, a first-of-its-kind advertising platform for planet-friendly brands launches £600k funding round
The Manchester-based startup that's created an app to enable hospitality businesses to maintain social distancing while still taking customer orders quickly
The lowdown on Bubo AI, the Yorkshire-based startup that's using AI to create value-based pricing for wholesale and distribution businesses
The London-based startup that's disrupting the insurance industry by its collective-based model for cycling insurance
More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
Eppik is a smart family photo sharing platform that helps families reconnect through their shared photo heritage
Published on: 22nd November 2017
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- More than half of employees concerned about returning to work 2nd Jul 2020 More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
- GCHQ Innovation Co-Lab seeks startups harnessing data science, machine learning and AI 2nd Jul 2020 The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
- Ten Years On: 30% Club Sets New Targets 1st Jul 2020 New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
- Xero’s Roadmap to Recovery manifesto launched 1st Jul 2020 Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
