back Back

Unifimoney secures $10m seed investment for its digital wealth management platform

By Edlyn Cardoza

April 07, 2022

  • Asset Management
  • community banks
  • Credit Unions
Share

Unifimoney, Digital Wealth Management Platform, Credit Unions, Community Banks, ETFs, NFTs, Financial Institutions, Jack Henry & Associates, Asset Management, USARecently, Unifimoney Inc., a turnkey digital wealth management platform for Community Banks and Credit Unions, announced a $10m Seed round.

Unifimoney’s platform offers a comprehensive digital wealth management platform with trading of over 70 cryptocurrencies, passive and active investing in thousands of stocks, ETFs and precious metals. The investment will see Unifimoney extend its coverage of alternative assets, including collectables, sports memorabilia and NFTs, and a full suite of retirement accounts with traditional and alternative asset IRAs. The roadmap includes an investment rewards credit card allowing customers of Financial Institutions to earn points that can be redeemed for investable assets like crypto, stocks and gold.

Investors include Shop Your Way (part of Transform Holdco LLC), Oriza Ventures, Altair Capital, Global Millennial Capital, White Bay Group, Hard Yaka, Plug and Play, ICBA and several angel investors.

Unifimoney works with Financial Institutions’ existing technology partners and is integrated with leading core providers, including Jack Henry & Associates and Q2 with more in process. This means it requires zero additional development work or integration effort by Financial Institutions to implement and compliment’s their existing digital channels.

The company was founded in 2019 by Ben Soppitt, CEO and Ed Cortis, CTO. The pair recognised that a significant cultural shift in retail investing was underway, driven by digital access to conventional and new alternative assets and lower barriers to entry with commission-free trading and fractional investing. However, most financial institutions could not participate and serve changing customer needs leading them to risk being disintermediated from their customers.

“Unifimoney’s vision is to not just give Community Banks and Credit Unions parity with Big Brand Banks and Fintech’s but better more comprehensive and compelling value propositions in combination with their decades of service culture and existing banking products,” said Ben Soppitt Co-Founder, and CEO.

Previous Article

April 07, 2022

Battle Financial selects Temenos Banking Cloud

Read More
Next Article

April 07, 2022

Paynetics appoints Andy Patton as its new Chief Commercial Officer

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Asset Management

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 15, 2024

Synpulse appoints Marouane Bakhtar as Head of UK

Read More

January 15, 2024

Deriv & BVNK bring Solana payments to millions of traders globally

Read More

January 15, 2024

Payhawk and Astrid & Miyu collaborate on podcast for entrepreneurs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023