Paris-based fintech firm Anaxago has launched a wealth management offering to push its ambitions of becoming a next-generation private bank.
Named Anaxago Patrimony, the wealth management offering builds on the success of the diversification strategy that helped the company leverage its relationship with a community of more than 91,000 investors. In 2019, the company facilitated €65m worth of investment in 40 projects, a 65% growth from 2019.
Through Anaxago Patrimony, the company will offer services related to wealth management advice, starting from €200,000 in disposable assets. The platform will provide investors with number of new services, including access venture capital and real estate development funds, private debt, and real estate property.
Anaxago Patrimony will enable us to strengthen these relationships and make them more sustainable"
Investors will also be provided with advice related to personalized investment strategies, wealth assessment, and wealth planning. A number of support tools will also be available, some of which will be capable of simulating investments under specific scenarios.
"We are pleased to have successfully carried out our innovation and diversification strategy allowing us to support our investors at each stage of the management of their wealth. The steady enhancement of our investment offering puts us into a unique position in private banking with a 100% digital offering, accessible to the greatest number, and combining impact and performance," Joachim Dupont, co-founder of Anaxago said in a statement.
By entering wealth management, the Anaxago Group aims to become a fully digital private bank with a new approach based on alternative investment solutions.
"Trust is one of our core values. While being a fintech, we have always sought to build trust through customer care and human relationships with our investors. Anaxago Patrimony will enable us to strengthen these relationships and make them more sustainable," Anaxago co-founder and chairwoman Caroline Lamaud said.
By the end of 2022, the company wants to facilitate at least €1bn worth of investments. To date, Anaxago has facilitated almost €200m since the platform was established in 2012.