WealthTech Safari — Week of September 25, 2026
ETFBOOK raises $13 million to extend its ETF data platform
ETFBOOK, the Zurich-based ETF data and analytics provider operating as SquaredData AG, raised a $13 million growth round led by Expedition Growth Capital, with existing investor BlackFin Capital Partners participating.
With more than 11,000 European and U.S. funds covered, over 70 EMEA enterprise clients and 1,341 new ETFs launched in 2026 so far, fund-level flow and holdings data is becoming the layer that makes advisor fund selection defensible.
Ridgeline raises $250 million Series E at a $1.425 billion valuation
Ridgeline, the cloud-native investment management platform, raised $250 million in a round led by founder and chairman Dave Duffield, with Motley Fool Ventures, affiliates of Smead Capital Management and Patrick O'Shaughnessy participating.
Two of those backers are Ridgeline clients, putting customer capital behind a platform that replaces six to nine legacy systems for firms overseeing a combined $750 billion as it expands into Canada and Europe.
MMnote: The round includes a group of customers which is even more validation than they could bring only as customers. Bravo!
Pave Finance closes an oversubscribed $14 million seed round
Pave Finance raised $14 million in seed funding, above its original $10 million target, for an AI portfolio management platform that already supports more than 60,000 accounts and $18 billion in assets under management.
Automating customization across more than 10,000 securities with custodian-integrated trading answers the pressure on advisory firms to deliver individualized portfolios without adding headcount, and the capital funds Pave's commercial rollout to those firms.
MMnote: I got to see the demo at futureproof and the response of the crowd was very positive. It's slick, intuitive, and captures real value by allowing customization of portfolios at scale.
Portage closes Ventures Fund IV at US$600 million
Portage, Sagard's fintech investment platform with US$7.0 billion in assets under management, held a final close of Portage Ventures Fund IV at approximately US$600 million, adding Broadridge and Fifth Third Bank as new strategic limited partners.
The close caps a decade and more than 140 portfolio companies, and CEO Adam Felesky's view that wealth management faces the structural disruption banking saw ten years ago signals where the new fund is looking.
Knote: This is good news since they are one of the more active WealthTech investors. They have between 12-15 WealthTech investments live, depending on how you count it, including Alpaca, Wealthsimple, and Conquest.
Crowwd raises $260,000 pre-seed as it moves from community to distribution
Crowwd, a New Delhi-based wealth-tech platform, raised $260,000 in a pre-seed round from more than 30 investors at an approximate $5.2 million valuation, with backers including Innov8 founder Dr Ritesh Malik and Three Words Capital.
Now an AMFI-registered mutual fund distributor planning brokerage and private-markets access, Crowwd is following the familiar path of consumer investing apps that turn engagement into recurring, regulated revenue.
Bill Harris launches Evergreen.ai, an AI financial advice app
Bill Harris, former CEO of PayPal and Intuit and founder of Personal Capital, launched Evergreen.ai, an on-demand AI advice app covering planning, retirement, investments and taxes, free to beta registrants through January 1, 2028.
Run as a service of an SEC-registered fiduciary RIA and pairing language models with deterministic calculation engines, Evergreen.ai targets the 73% of American adults without an advisor who are turning to general-purpose chatbots.
Knote: This is the right way to deploy AI advice - AI for the communication part but deterministic models for the advice part.
Arcons deploys billPort at a $150 billion-plus wealth manager
Arcons Technology deployed its billPort client billing engine at a national wealth management firm with more than $150 billion in assets, live since Q2 2026 and automating billing cycles across the enterprise following a recent merger.
Moving complex fee schedules, composite household billing and multi-custodian invoicing off spreadsheets cuts quarterly invoice cycles from weeks to hours, the back-office consolidation work that follows large wealth-firm mergers.
Appleseed Planner launches with 11,000 users and $33 billion modeled
Former Google group product manager Adam Waaramaa publicly launched Appleseed Planner, a free self-service planning platform already modeling more than $33 billion across 11,000 users, an average of $3 million per user.
Spreading from Google to Meta, NVIDIA and Amazon on advisor-grade Monte Carlo simulation and automated life-event modeling, Appleseed shows how much planning depth high-earning tech employees now expect from a free tool.
Invesco launches Personalised Investor Engine to turn savers into investors
Invesco launched Personalised Investor Engine (PIE), a behavioural intelligence platform for banks and online investment providers, with UK digital bank Zopa and its 1.5 million mass-affluent customers as launch partner.
Aimed at an estimated €10 trillion held in cash across Europe, PIE uses Oxford Risk behavioural profiling to deliver tailored nudges from onboarding through withdrawal, casting an asset manager as distribution infrastructure.
Definedge raises $2.3 million pre-Series A for its trading and wealth platforms
Pune-based Definedge raised Rs 22 crore (about $2.3 million) in a pre-Series A round, taking total funding to Rs 30 crore (about $3.1 million), with backers including Nitin Agarwal, D. Prasad, Anant Jain and Sachin Kasera.
With more than 14 platforms, 125% user growth over 14 months and Momentify past Rs 1,000 crore in AUM toward a Rs 5,000 crore target, Definedge is riding India's self-directed trading boom toward broader wealth services.
Monetary Metals raises $10.5 million for its gold yield marketplace
Scottsdale-based Monetary Metals raised $10.5 million in equity from existing and new shareholders, bringing total capital raised since its 2012 founding to nearly $25 million after more than doubling gold deployed on its platform over the past year.
Leasing gold to jewelers, refiners, mints and miners for inventory financing turns a diversification asset into an income-producing one, giving advisors a possible complement to fixed income allocations.
Savvy Wealth launches a custodial platform for independent RIAs
Savvy Wealth, an AI-native platform for independent advisors, launched Savvy Custodial Platform, offering fully digital client onboarding in about 90 seconds, white-label branding and integrated CRM, billing, trading and reporting.
Opening the custodial integration beyond advisors on the Savvy RIA to the wider independent market via a waitlist puts Savvy in direct competition with the paperwork and multi-day delays of legacy custodial processes.
Houston Trust Company goes live on Fi-Tek's Global Wealth Enterprise Solution
Houston Trust Company, the largest private, independent, full-service trust company in Texas with more than $12 billion in fiduciary assets, went live on Fi-Tek's GWES as its core securities processing and accounting platform.
Deploying the full suite, including Performance+, Report Studio and Fi-Tek's UMA solution for multi-manager sleeves, puts processing, accounting and reporting for roughly 350 relationships on a single straight-through platform.
WealthReach, Domain Money and Savology team up on below-minimum prospects
WealthReach, Domain Money and Savology launched a combined offering that routes qualified prospects to the advisory firm and sends the rest to Domain Money's 0% AUM CFP® service or to Savology's financial report card.
Referring firms earn a percentage of Domain Money's annual planning fee, turning website visitors who miss firm minimums into revenue and permissioned, re-engageable leads instead of lost traffic.
InvestCloud passes $9 trillion in platform assets
InvestCloud reported more than $9 trillion in assets across its platforms, including over $4.2 trillion in APL managed accounts, up 20% year over year across 11 million accounts and an average 2.4 million trades a day.
A return to revenue growth in 2025, a low double-digit growth forecast for this year and a $50 million-plus commitment to its Altic private markets network show InvestCloud betting that managed accounts will absorb private assets.
Betterment adds an AI document reader to advisor onboarding
Betterment added an AI-powered document reader to its Advisor Solutions platform that parses uploaded brokerage statements and populates transfer requests in about 30 seconds, replacing manual data entry for RIAs.
With agentic workflows and Model Context Protocol releases planned for its advisor platform before year-end, the firm serving over 1 million customers and about $70 billion is wiring AI into custody and onboarding.
OneSeven launches AdvisorGrowth IQ, an AI growth engine for advisors
OneSeven launched AdvisorGrowth IQ, combining AIM Digital Advantage's brand and content strategy with FINNY's AI prospecting to deliver targeting, personalized outreach, automated follow-up and appointment generation in one platform.
Chosen after evaluating more than 25 AI marketing firms, the bundle packages organic growth as a service for advisors and independent RIAs that lack the time, data and marketing infrastructure to prospect consistently.
Snappy Kraken launches Snappy AI, a Claude-powered marketing coworker
Snappy Kraken launched Snappy AI, a read-only assistant built on Claude that analyzes advisors' campaign activity, audiences and results to flag follow-up gaps and next steps without retrieving contact-level personal data.
Its research across more than 9,000 advisors found only about 25% had connected their CRM even though integrated users saw three to four times more engagement, the visibility gap Snappy AI is built to close.
Wealthcome raises €15 million Series B for its wealth data and AI platform
Wealthcome, based near Bordeaux, raised €15 million (about $17.2 million) in a Series B led by Breega, with returning investor BlackFin Capital Partners, taking total funding to €22 million (about $25.2 million).
Since its March 2025 Series A, client firms have grown from 300 to more than 800 and aggregated assets from €20 billion to over €80 billion, with investors backing AI anchored in consolidated data and traceable advice.
MMnote: From what I can tell, Wealthcome is doing AI correctly by focusing on structuring the traceability of advice.
AI ATC - A quick summary of interesting AI launches for those with AI fatigue
Milemarker Launches an MCP https://www.wealthtechstrategy.com/post/milemarker-launches-an-mcp
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