Quantifeed, a digital wealth management solutions provider for financial institutions, announces its Series C funding round led by HSBC Asset Management’s (HSBC AM’s) alternative investments business, HSBC Alternatives. The size of the funds raised were not disclosed.
HSBC AM is joined by Daiwa PI Partners and current shareholders, including global asset manager Franklin Templeton and global investment firm LUN Partners Group.
Quantifeed said that it will use the funds to strengthen its solutions for advisors, portfolio managers and end-customers.
It intends to enrich its portfolio design, advice and trading engines, and enable wealth management across a broader set of asset classes including structured products, private equity, and digital assets.
As part of expansion plans, Quantifeed will also accelerate talent acquisition across the Asia Pacific region, particularly Japan and Southeast Asia.
Quantifeed operates in Hong Kong, Singapore, Japan, Australia, and India.
Alex Ypsilanti
“Quantifeed’s mission is to help financial institutions become providers of wealthcare, a customer centric wealth management service that makes investing easy, accessible and relatable for everyone.
We are thrilled to have the support of new and existing investors who believe in our business model and want to support our growth. We’re using these funds to strengthen our leadership in the automated generation and implementation of financial advice.”
said Alex Ypsilanti, Quantifeed’s CEO and Co-Founder.
Ross Milward
“Our success to date has been built from strong financial engineering expertise and a focus on scaling delivery to multiple clients and markets.
This funding round allows us to further accelerate our platform innovation and provide clients with rich capabilities and deployment options across cloud and enterprise.”
said Ross Milward, CTO and Co-Founder of Quantifeed.
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