Wealthyhood Secures €3.6 Million for European Expansion
A New Era of Investment Awaits: Wealthyhood Raises €3.6 Million for European Expansion! In a bold move to revolutionize the investment landscape, Wealthyhood has secured a €3.6 million (£3 million) Seed round, spearheaded by the renowned Global Wealth Group. This strategic investment marks a significant leap towards Wealthyhood's expansion into the Greek and European markets, positioning the app as a game-changer for younger investors eager to learn, save, invest, and build wealth.
The milestone funding includes participation from Genesis Ventures and a coalition of 20 prominent angel investors spanning the UK, Greece, and Europe—most notably Dimitris Georgakopoulos and the Helidoni Group, among others. With this robust backing, Wealthyhood aims to elevate its technology platform and AI capabilities, creating a highly personalized investing experience. This funding round also paves the way into the B2B sector, allowing Wealthyhood to offer its cutting-edge investment platform to banks and financial institutions. As stated by Alexandros Christodoulakis, Co-Founder & CEO of Wealthyhood, "Our goal is to build the best investment app a user could ask for, combining education, savings, investments, and automation."
Global Wealth Group, a rapidly expanding financial entity with over €550 million in assets under management, shares Wealthyhood's vision of democratizing investments. Their strategic partnership promotes a shared commitment to providing equitable access to financial tools and education, catering to a younger demographic that demands transparency and trust. As emphasized by Michalis Ioannidis, CEO of Global Wealth, “We believe that the coming years will be the era of wealthtech globally.” With this significant financing, Wealthyhood is poised to become the go-to app for aspiring investors across Europe, helping them navigate their financial futures with confidence and ease.
Key Terms Explained
- Seed round
- A seed round is an initial stage of venture funding. It helps companies finance their first steps, including product development and market research.
- Angel investors
- Angel investors are usually affluent individuals who provide capital for a business start-up, usually in exchange for convertible debt or ownership equity.
- Wealthtech
- Wealthtech, or wealth and asset management technology, refers to a sector of fintech used to optimize wealth management, personal finance, retail investment, and other finance-related tasks using software and modern tech.
Frequently Asked Questions
- How much funding did Wealthyhood recently secure for its European expansion?-Wealthyhood recently secured a €3.6 million (£3 million) funding round for its European expansion.
- Who led the Seed round of investment for Wealthyhood's expansion?+
- What is Wealthyhood planning to do with the funding it received?+
- Who participated in the latest funding round for Wealthyhood?+
- What marks this strategic investment for Wealthyhood?+
They've invested in Wealthyhood
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Global Wealth Group | investment(s) investment(s) | more info | |||
2 |  Genesis Ventures | 1 investment(s) investment(s) | more info | |||
3 |  Helidoni Group | investment(s) investment(s) | more info | |||
4 |  Philippos Kourkoulos Latsis | investment(s) investment(s) | more info | |||
5 |  T-Life Capital | 1 investment(s) investment(s) | more info |
Click here for a full list of 6,908+ startup investors in the UK