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.
.jpeg)
These tips for startups And entrepreneurs could transform your video output and have a dramatic impact on your marketing results.
Zen Educate is an innovative digital staffing platform enabling supply teachers to be connected with schools more efficiently
Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
Harper James Solicitors highlight the often hidden mistakes and dangers that may impact on your startup's success.
Bryony Wylie, Advanced Clinical Practitioner, Prescriber and founder of FooDoo Snacks share's her predictions for employee health and well-being trends for 2020!
The third-party platform that enables you to anonymously tag, measure, and resolve incidents of bias and harassment in your organisation
One Step Closer aim to empower change makers and CSR schemes transforming sustainability initiatives into empowering talking points.
The lowdown on Nova, the Liverpool based cofoundery and its latest crowdfunding mission to help it expand in the UK and internationally
The FinTech startup, Freetrade which is on a mission to make it easier than ever to invest in stocks and shares - for free
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.
- Investment announced in Aisha, the award-winning halal baby food manufacturer 13th Nov 2019 Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
- Construction tech startup ShapeDo secures investment from VC firm Goldacre 13th Nov 2019 ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
- Culture Amp launch Diversity and Inclusion Starter Kit to bring best practices to UK businesses 8th Nov 2019 The latest ways in which leading people and culture platform Culture Amp aim to help organisations manage their diversity and inclusion practices and policies
- Manchester fintech GoodBox hits £2m donated to UK charities 21st Oct 2019 Manchester fintech GoodBox, which helps charities embrace the rise of fintech through digital and contactless payments, have raised over £2m for UK charities.
