Finary, a wealth management platform based in Paris, has successfully raised €25 million in its Series B funding round. This round was led by PayPal Ventures, and it also saw contributions from several notable investors, including LocalGlobe, Hedosophia, Shapers, as well as existing supporters like Y Combinator and Speedinvest. Some influential figures in the finance industry joined the effort, adding their expertise to the project. Among them were Axel Weber, who previously served as Chairman of UBS and President of the German Central Bank, and Harsh Sinha, the Chief Technology Officer at Wise.
This successful funding round highlights the increasing confidence investors have in Finary’s mission. The company aims to modernize the way we manage personal finances by leveraging technology and artificial intelligence. Established in 2021, Finary quickly gained traction as a preferred platform for individuals looking to consolidate their wealth across various asset categories in one user-friendly interface.
Finary’s primary goal is to tackle the many problems and disparities found in traditional financial systems. Currently, a significant amount of money remains invested in financial products that do not keep up with inflation, while many people lack access to the necessary resources and education to make informed financial choices. With the largest intergenerational wealth transfer in history taking place—estimated to exceed €450 billion annually in Europe—Finary is positioning itself as the go-to platform for younger investors, particularly millennials and members of Generation Z, who value transparency, independence, and the ability to control their financial futures.
The company is developing an entirely automated and AI-powered money management experience that simplifies the financial decision-making process for users. In addition to helping individuals track their net worth and investments, Finary’s platform is designed to provide proactive guidance toward their financial goals. It offers a personalized and streamlined approach to managing wealth, which can be especially beneficial for those new to investing.
The funds raised in this Series B round will help Finary advance its product development. This includes plans to introduce new financial tools such as brokerage accounts, investment accounts known as PEA, and retirement accounts called PER. Additionally, the company intends to expand its premium wealth management service, Finary One, while also enhancing its portfolio tracker with advanced insights powered by artificial intelligence.
Beyond developing new products, Finary will use this funding to extend its reach into new European markets and expand its team. Currently, the company employs about 50 people, and it anticipates adding more than 20 new roles in the coming months as it continues to grow and enhance its operations.
With this funding round, Finary is solidifying its status as a leading player in the European wealth technology sector. The company is dedicated to creating a long-term platform that empowers individual investors, aiming to establish a new global standard for managing personal finances.
