BOSTON, MA -- WealthTech Strategy Partners, a strategic advisory service focused exclusively on WealthTech, announced today that it has acquired qSpur Consulting, a sales, marketing, and emergency revenue consultant catering to emerging WealthTech companies. The transaction strengthens WealthTech Strategy Partners' desire to incorporate the benefits of traditional revenue growth consulting with the capabilities of a creative investment bank to best service earlier stage WealthTech companies struggling with a diminished funding environment and shortened runway. The two companies will operate as a unified brand and complimentary service.
"There are a lot of emerging WealthTech companies with amazing technology and vision, but a shortened runway in the new funding environment," comments Kendrick Wakeman, CEO of the combined company. "Our approach is to combine the revenue-building services of a traditional consultant with the execution capabilities of an investment bank. Founders and Venture Capitalists know that we won't just drive them to a transaction. We take the time to really get to know the business and help build revenue first, which leads to much better outcomes if it comes to raising capital or a strategic transaction. We are delighted to lever the IP and databases of qSpur through our unique business model to achieve better outcomes for WealthTech founders."
Marshall Smith, Head of the Advisory Board at WealthTech Strategy Partners, commented that "by incorporating pre-transaction consulting into our services, our clients get us involved earlier in the process, which achieves the best outcomes." He further adds that "whether our clients raise additional capital, bootstrap or choose to find a strategic buyer, we can help them get there. We are targeting the underserved market of WealthTech firms in the $500K-$5M ARR range. While other investment banks see this market as too small to serve, WealthTech Strategy Partners enjoys working with these firms." Terms of the transaction were not disclosed.
WealthTech Strategy Partners LLC
101 Federal Street
Boston, MA 02066
WealthTech Strategy Partners is a tactical and strategic advisory that focuses exclusively on WealthTech, associated RegTech, and InvestTech. With such an exclusive niche, we can focus on bringing deep industry knowledge, contacts, and skills to boost revenue, raise funds, or find a strategic partner. Our partners and advisor each have an average of 25+ of experience, making it one of the most tenured advisory firms of its kind with expertise ranging across startups, technology, finance, investing, wealth management, fundraising, and mergers & acquisitions. This allows us to take on the more difficult jobs that a traditional investment bank would not accept. More information available at www.wealthtechstrategy.com.
This release was published on openPR. Link to Press Release: https://www.openpr.com/news/3072405/wealthtech-strategy-partners-acquires-qspur-consulting