Fintech Platform Vise Raises $65 Million in Series C Funding

Fazzaco learned that Fintech startup Vise has raised $65 million in a Series C funding round, led by Ribbit Capital with participation from existing investor including Sequoia Capital. 

According to the official press release, the company will use the investment to invest in its platform, hire the best available talent as well as launch new product features. A key focus area will be continuing to scale the engineering function led by CTO Andrew Fong.

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Founded in 2016, Vise uses an AI-powered platform to give independent financial advisors the same level of data as advisories with their own analyst departments. 

After the Series B funding round in December 2020, Vise's assets under management have more than quadrupled to over $250 million and client accounts have more than doubled. The company also completed the integration with major custodians and released several new product features for customers. So far, the company has raised over $125 million.

Samir Vasavada, Co-Founder and CEO of Vise, commented, "In 2020, we successfully focused on strengthening our foundation, and now in 2021 we are focused on scaling Vise to make it an even more valuable platform for advisors and their clients. In the past year our assets under management have grown by more than 60x and we've seen incredibly strong demand from advisors. Put simply, this funding will allow us to make even bigger investments faster."