Wealth management platform Ramify raises €11M

Paris, June 18, 2024 – Ramify, the innovative wealth management and financial advisory platform, announces a €11 million Series A funding round. The round was led by 13books Capital, with participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R LA MONDIALE through its investment fund ALM Innovation, Crédit Agricole Brie Picardie, and business angels. The funding will enable Ramify to accelerate its development and become the go-to investment solution for the new generation of affluent investors in France.

Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify addresses the evolving needs of investors seeking high-quality investment solutions and simplifies access to multi-product asset management. Since its launch, Ramify has experienced exponential growth, with assets under management growing 20 fold over 18 months. Today, the Wealthtech offers the most extensive range of products and services on the market.

The all-in-one investment platform provides a comprehensive wealth management solution that combines digitalisation, advisory, and reduced fees. Primarily targeting French individuals with €100,000 to €5 million in financial assets, it offers access to a wide range of financial products, tax solutions, and premium services. Its unique market offering includes stocks, bonds, real estate, private equity, cash, structured funds and crowdfunding. The most affluent investors also benefit from exclusive services such as Lombard lending, Luxembourg life insurance, and art investments.

Over the next fifteen years, European baby boomers are expected to transfer more than €10 trillion to the next generations. Among them, over 70% are seeking a new financial advisor to manage their newly acquired assets. While traditional players lack the agility to adapt to these upheavals, digital players struggle to meet the needs of premium clients. In this context, Ramify positions itself as the innovative solution capable of combining the advantages of digital with a personalised approach.

European baby boomers are expected to transfer more than €10 trillion to the next generations.

Composed of quantitative finance researchers, developers, and financial experts, the Ramify team has seamlessly integrated finance, technology, and human expertise to deliver a premium client experience. With an automated back-office and artificial intelligence, Ramify manages a growing client base while intensively leveraging data to provide personalised advice and optimised investment strategies. Simultaneously, their financial advisors provide a human service, ensuring the specific needs of each client are met. Additionally, they provide cutting-edge tools to help clients optimise their investment strategies and taxes to the fullest.

Today, the Wealthtech platform raised €11M from a consortium of investors led by 13books, with the participation from Fidelity International Strategic Ventures (FISV) and its existing investors Newfund, AG2R LA MONDIALE Group through its investment fund ALM Innovation, Crédit Agricole Brie Picardie, and business angels, who had contributed €3.5M in a Seed round in 2022.

We’re thrilled to back Samy, Olivier and the team at Ramify, who are at the forefront of a major shift in wealth management.

Alongside 13books and FISV, Ramify continues to surround itself with market specialists. 

This funding will allow Ramify to further accelerate research and development in artificial intelligence to become the leader in its sector.

Olivier Herbout, co-founder and Chief Investment Officer of Ramify, states: “We thank our investors for their trust. The success of this funding round, achieved despite the challenging economic context for tech and particularly fintech, underscores the relevance of our value proposition. This operation marks a major milestone in the Ramify journey and will enable us to become the leading premium investment solution for the new generation of investors in France.”

Michael Sim, Partner at Fidelity International Strategic Ventures, adds: “Wealth management faces significant challenges in France; eroding business models and a new generation of investors demanding a personalised and accessible offering are changing the game for traditional players. We believe that the Ramify team is excellently placed to help address this problem; their impressive momentum to date paired with strong interdisciplinary backgrounds gives them an excellent footing to excel within this market.”

Michael McFadgen, Co-founder and Partner at 13books concludes: “We’re thrilled to back Samy, Olivier and the team at Ramify, who are at the forefront of a major shift in wealth management. Intergenerational wealth transfer will bring major changes in the behaviour of investors and disrupt existing businesses. Their unique and comprehensive product offering is attracting a new generation of tech-savvy investors. With an exceptional team driving impressive growth Ramify is set to become the go-to investment solution for the new generation of affluent investors. We are thrilled to back them.”