Ramify funding news – Paris-based Ramify raises €11 Million in Funding

With funding, Ramify will be able to expand more quickly and establish itself as the preferred investing option for France's newest class of wealthy investors.

Olivier Herbout, co-founder and Chief Investment Officer of Ramify, said: “We thank our investors for their trust. The success of this funding round, achieved despite the challenging economic context for tech and particularly fintech, underscores the relevance of our value proposition. This operation marks a major milestone in the Ramify journey and will enable us to become the leading premium investment solution for the new generation of investors in France.”

The integrated investing platform offers a holistic approach to asset management by integrating digitalization, advisory services, and lower fees. It primarily serves French people with financial holdings between €100,000 and €5 million. It provides access to a large selection of financial goods, tax options, and premium services.

Stocks, bonds, real estate, private equity, cash, structured funds, and crowdsourcing are all part of its exclusive market offering. Richest investors also get access to special services including art investments, Luxembourg life insurance, and Lombard loans.

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Baby boomers in Europe are predicted to provide almost €10 trillion to the following generation over the course of the next fifteen years. More than seventy percent of them are looking for a new financial advisor to handle their recently purchased assets.

Digital players find it difficult to satisfy the demands of premium customers, while conventional players are immobile in the face of these disruptions. Ramify presents itself in this context as the creative answer that can bring the benefits of technology to a customised strategy.

Michael Sim, Partner at Fidelity International Strategic Ventures, added: “Wealth management faces significant challenges in France; eroding business models and a new generation of investors demanding a personalised and accessible offering are changing the game for traditional players.”

The Ramify team, which consists of developers, financial specialists, and researchers in quantitative finance, has skillfully combined human, technological, and financial knowledge to provide an exceptional customer experience.

Ramify uses artificial intelligence and an automated back office to handle a rising clientele while utilising data extensively to offer tailored recommendations and improved investment plans. Their financial counsellors attend to the individual needs of each client while also offering a human touch. They also give clients access to state-of-the-art solutions to maximise their tax and investment plans.

Michael McFadgen, Co-founder and Partner at 13books, concluded: “We’re thrilled to back Samy, Olivier and the team at Ramify, who are at the forefront of a major shift in wealth management. Intergenerational wealth transfer will bring major changes in the behaviour of investors and disrupt existing businesses. With an exceptional team driving impressive growth Ramify is set to become the go-to investment solution for the new generation of affluent investors.”

About Ramify

Ramify is an investment platform that offers private wealth management experience and services similar to those of the largest private banks.

The widest and most diversified product offering on the market: managed life insurance and retirement savings plans, investment in savings accounts and term accounts, investment in real estate, private equity, structured products, art and soon cryptoassets.

Founded in 2020 by Olivier Herbout, former portfolio manager at Goldman Sachs and Samy Ouardini, former strategy consultant at Oliver Wyman, Ramify wants to make multi-product asset allocation management simple and accessible.