Ramify, a cutting-edge wealth management and financial advisory platform headquartered in Paris, has announced a significant milestone with an €11 million Series A funding round. The round was led by 13books Capital, with key participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R, Crédit Agricole, and prominent business angels. This infusion of funds positions Ramify to accelerate its growth and solidify its position as the premier investment solution for the next wave of affluent investors in France.
Founded in 2021 by Olivier Herbout and Samy Ouardini, Ramify has swiftly adapted to the evolving needs of investors by offering high-quality investment solutions and simplifying access to diversified asset management. Since its inception, Ramify has achieved remarkable growth, boasting a 20-fold increase in assets under management over just 18 months. Today, it stands out in the Wealthtech sector for providing the most comprehensive array of products and services available.
Olivier Herbout, co-founder and Chief Investment Officer of Ramify, expressed gratitude to investors for their confidence in the platform. He emphasized the resilience of Ramify’s value proposition, especially notable in a challenging economic climate for fintech. This funding round marks a pivotal moment for Ramify, empowering the company to lead the charge as the preferred premium investment solution for France’s new generation of investors.
Ramify’s all-inclusive investment platform integrates digitalization, expert advisory services, and cost-effective solutions. Tailored primarily for French individuals with financial assets ranging from €100,000 to €5 million, Ramify provides access to a diverse portfolio of financial products, including stocks, bonds, real estate, private equity, cash, structured funds, and crowdfunding. The platform’s offerings extend to exclusive services such as Lombard lending, Luxembourg life insurance, and investments in art—a testament to its commitment to meeting the sophisticated needs of affluent investors.
Looking ahead, Ramify is strategically positioned to capitalize on a significant generational wealth transfer expected across Europe. With over €10 trillion set to change hands in the next fifteen years, there is a growing demand for personalized, accessible wealth management solutions—needs that traditional institutions struggle to fulfill while digital platforms often fall short in serving premium clients. In response, Ramify stands out as a pioneering solution, seamlessly blending digital advantages with personalized client care.
Michael Sim, Partner at Fidelity International Strategic Ventures, underscored the transformative impact of Ramify’s approach amidst evolving client expectations and industry dynamics. He highlighted the challenges faced by traditional wealth management models in France and praised Ramify’s innovation in delivering a tailored and responsive service.
Comprising a team of quantitative finance experts, developers, and seasoned financial advisors, Ramify leverages advanced technology and human expertise to deliver a superior client experience. The platform employs automated back-office operations and artificial intelligence to manage its expanding client base efficiently. Meanwhile, dedicated financial advisors ensure each client receives bespoke guidance, optimizing investment strategies and maximizing tax efficiency.
Michael McFadgen, Co-founder and Partner at 13books Capital, commended Ramify’s exceptional growth trajectory and its potential to redefine wealth management practices in the face of intergenerational wealth transfers. He highlighted Ramify’s impressive team and their commitment to driving innovation and client-centric solutions.
In conclusion, Ramify’s successful Series A funding round signifies not only financial growth but also industry recognition of its transformative impact on wealth management. With a steadfast focus on innovation, personalized service, and comprehensive financial solutions, Ramify is poised to lead the way as the preferred choice for the new generation of affluent investors in France and beyond.
