9 years ago

Nutmeg Secures £30 Million in Funding Led by Convoy

  • Nutmeg, a UK-based digital wealth manager, has secured £30 million in funding led by Convoy, a Hong Kong-based independent financial advisory firm

  • This brings the total raised by Nutmeg to nearly £60 million over the past five years

  • Existing investors, including Schroders, Balderton Capital, Pentech, Armada Investment Group, and Nigel Wray, also participated in the round

  • The funding will be used to expand Nutmeg's product offerings, scale the business, and explore expansion into Asia

  • Nutmeg offers investment portfolio management for individuals with a minimum investment of £500, allowing them to save for various purposes such as ISAs and pensions

  • The company has grown significantly since its launch in 2012, managing over half a billion pounds for more than 20,000 customers.

      • ProblemFinancial Services

      "Investing in your future can be confusing and time-consuming. It's hard to know where to start, how much to invest, and what level of risk is right for you."

      Solution

      "Nutmeg makes it easy to invest your money in a diversified portfolio, even if you're just starting out. They offer a user-friendly platform that allows you to set your investment goals and risk tolerance, and their team of experts will do the rest. "

      Covered on