Paris-based FinTech Finary secured €25 million in Series B funding. PayPal Ventures led the round. This investment will fuel product enhancement and European expansion.
Mounir Laggoune and Julien Blancher founded Finary in 2021. The platform currently serves over 600,000 users in France. It offers an all-in-one solution for digital investing.
Expanding AI-Driven Wealth Solutions
Finary plans significant investment in AI, engineering, and growth. Consequently, it will launch new AI-driven wealth management tools. Furthermore, the company will introduce brokerage, savings, and retirement accounts.
The funding also supports deepening its Finary One private-wealth service. This premium offering caters to users with over €500,000 in investable assets. Finary also provides cryptocurrency investing and Finary Life insurance products.
Finary aims to scale its vision across Europe. The company plans to hire over 50 new team members. This expansion will challenge traditional financial institutions like UBS.
The platform seeks to democratize wealth management for a broader European audience.
Returning investors include Y Combinator, Speedinvest, Kima Ventures, LocalGlobe, and Hedosophia. Angel investors also participated, including Harsh Sinha from Wise and Alexandre Prot from Qonto.
