Ramify Secures €11 Million in Funding to Transform Wealth Management Landscape in France
June 19, 2024, 3:36 am
Ramify, a cutting-edge wealth management and financial advisory platform based in Paris, has successfully raised €11 million in a Series A funding round. This significant investment, led by 13books Capital and Fidelity International Strategic Ventures, along with contributions from existing investors Newfund, AG2R, Crédit Agricole, and business angels, will propel Ramify to new heights in serving affluent investors in France.
Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify has quickly emerged as a disruptive force in the wealth management sector. The platform has witnessed remarkable growth, with assets under management soaring by 20 times within just 18 months of its inception. This rapid expansion underscores the platform's appeal to investors seeking high-quality investment solutions and simplified access to multi-product asset management.
Ramify's all-in-one investment platform offers a comprehensive wealth management solution that seamlessly integrates digitalization, advisory services, and cost-effective fee structures. Targeting French individuals with financial assets ranging from €100,000 to €5 million, Ramify provides access to a diverse array of financial products, tax solutions, and premium services. From stocks and bonds to real estate, private equity, cash, structured funds, and crowdfunding, Ramify caters to the diverse investment needs of its clientele.
As the landscape of wealth management evolves, Ramify is well-positioned to address the shifting demands of investors. With over 70% of European baby boomers expected to transfer more than €10 trillion to the next generation in the next fifteen years, the need for innovative and personalized financial advisory services is more pressing than ever. Ramify's unique market offering, which includes exclusive services such as Lombard lending, Luxembourg life insurance, and art investments, sets it apart as a forward-thinking solution for the changing needs of investors.
The Ramify team comprises a diverse group of professionals, including quantitative finance researchers, developers, and financial experts. Leveraging automated back-office processes and artificial intelligence, Ramify efficiently manages its growing client base while harnessing data to deliver personalized advice and optimized investment strategies. Additionally, the platform's financial advisors provide a human touch, ensuring that each client's specific needs are met with precision and care.
Olivier Herbout, co-founder and Chief Investment Officer of Ramify, expressed gratitude to the investors for their trust and emphasized the platform's commitment to becoming the premier investment solution for the new generation of investors in France. The successful funding round, achieved amidst a challenging economic climate for tech and fintech companies, underscores the relevance and potential of Ramify's value proposition.
In a rapidly changing wealth management landscape where traditional players face business model erosion and evolving investor preferences, Ramify stands out as a beacon of innovation and adaptability. Michael Sim, Partner at Fidelity International Strategic Ventures, commended the Ramify team for their momentum and interdisciplinary expertise, highlighting their potential to excel in the market.
With a clear vision and a strong foundation, Ramify is poised to revolutionize the wealth management industry in France and beyond. The platform's commitment to combining digital innovation with personalized service sets it apart as a leader in the evolving landscape of financial advisory services. As Ramify continues to expand its offerings and enhance its client experience, it is well-positioned to meet the diverse needs of the new generation of investors seeking tailored and accessible wealth management solutions.
Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify has quickly emerged as a disruptive force in the wealth management sector. The platform has witnessed remarkable growth, with assets under management soaring by 20 times within just 18 months of its inception. This rapid expansion underscores the platform's appeal to investors seeking high-quality investment solutions and simplified access to multi-product asset management.
Ramify's all-in-one investment platform offers a comprehensive wealth management solution that seamlessly integrates digitalization, advisory services, and cost-effective fee structures. Targeting French individuals with financial assets ranging from €100,000 to €5 million, Ramify provides access to a diverse array of financial products, tax solutions, and premium services. From stocks and bonds to real estate, private equity, cash, structured funds, and crowdfunding, Ramify caters to the diverse investment needs of its clientele.
As the landscape of wealth management evolves, Ramify is well-positioned to address the shifting demands of investors. With over 70% of European baby boomers expected to transfer more than €10 trillion to the next generation in the next fifteen years, the need for innovative and personalized financial advisory services is more pressing than ever. Ramify's unique market offering, which includes exclusive services such as Lombard lending, Luxembourg life insurance, and art investments, sets it apart as a forward-thinking solution for the changing needs of investors.
The Ramify team comprises a diverse group of professionals, including quantitative finance researchers, developers, and financial experts. Leveraging automated back-office processes and artificial intelligence, Ramify efficiently manages its growing client base while harnessing data to deliver personalized advice and optimized investment strategies. Additionally, the platform's financial advisors provide a human touch, ensuring that each client's specific needs are met with precision and care.
Olivier Herbout, co-founder and Chief Investment Officer of Ramify, expressed gratitude to the investors for their trust and emphasized the platform's commitment to becoming the premier investment solution for the new generation of investors in France. The successful funding round, achieved amidst a challenging economic climate for tech and fintech companies, underscores the relevance and potential of Ramify's value proposition.
In a rapidly changing wealth management landscape where traditional players face business model erosion and evolving investor preferences, Ramify stands out as a beacon of innovation and adaptability. Michael Sim, Partner at Fidelity International Strategic Ventures, commended the Ramify team for their momentum and interdisciplinary expertise, highlighting their potential to excel in the market.
With a clear vision and a strong foundation, Ramify is poised to revolutionize the wealth management industry in France and beyond. The platform's commitment to combining digital innovation with personalized service sets it apart as a leader in the evolving landscape of financial advisory services. As Ramify continues to expand its offerings and enhance its client experience, it is well-positioned to meet the diverse needs of the new generation of investors seeking tailored and accessible wealth management solutions.