Ramify secures €11m to simplify multi-product asset management

Ramify, a Paris-based wealth management and financial advisory platform, has announced the successful completion of its Series A funding round, raising €11 million. Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify has rapidly grown, with assets under management increasing twenty-fold over the past 18 months. The platform aims to simplify multi-product asset management, providing a comprehensive wealth management solution that combines digitalisation, advisory services, and reduced fees.

Primarily targeting French individuals with €100,000 to €5 million in financial assets, it offers access to a wide range of financial products, tax solutions, and premium services. Its unique market offering includes stocks, bonds, real estate, private equity, cash, structured funds and crowdfunding. The most affluent investors also benefit from exclusive services such as Lombard lending, Luxembourg life insurance, and art investments.

The Series A funding round was led by 13books Capital, with significant participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R, Crédit Agricole, and several business angels. This follows a previous seed round in 2022, where Ramify raised €3.5 million. The new capital will enable Ramify to accelerate its development and solidify its position as the leading premium investment solution for the new generation of affluent investors in France.

Olivier Herbout, co-founder and Chief Investment Officer of Ramify, expressed gratitude towards the investors, stating, “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.”

Investors have shown strong confidence in Ramify’s potential to disrupt the traditional wealth management sector. Michael Sim, Partner at Fidelity International Strategic Ventures, highlighted the challenges faced by the wealth management industry in France, noting, “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. Additionally, we believe that the Ramify team are excellently placed to solve this problem, their impressive momentum to date paired with strong interdisciplinary backgrounds also gives them an excellent footing to excel within this market.”

Michael McFadgen, Co-founder and Partner at 13books, echoed this sentiment, stating, “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. Their unique and comprehensive product offering is attracting a new generation of tech-savvy investors. With an exceptional team driving impressive growth Ramify is set to become the go-to investment solution for the new generation of affluent investors. We are thrilled to back them.”

• Read more under:
• Digital Brokerages
• Fintech