Blanco Appoints New CEO, Raises €3M for Further Expansion in Europe

Blanco, a technology developer for asset managers, has announced today that it has raised more than €3 million in a new investment round from new industry experts and existing investors like Volta Ventures, KBC Start it Fund among others.

Blanco plans to use the fresh funding to strengthen its current market leadership position in the Netherlands, to further expand its market share in Belgium and implement its first clients in Germany.

Besides the funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term, Bernadette Wijnings, a Co-Founder of Blanco, handed over her Co-CEO role to Chief Operating Officer, Johan Verschelden. While serving as Chief Operating Officer, Verschelden was responsible for all operational activities. He will now succeed Wijnings, who in her role as Co-CEO focused on the internal organization (customer service, HR, development and operations) and investors. Meanwhile, Joost Walgemoed, another Co-Founder of Blanco, will remain in her role of Co-CEO, with a focus on commerce.

Verschelden commented on his appointment: “Blanco is a fantastic company with an incredibly motivated and professional team. I am honored to take on the Co-CEO role and further develop our market leadership together with this group of people. Now that Blanco has outgrown the start-up Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term phase, we will focus on further professionalizing and improving our services to the 150+ clients we currently serve. In addition, growth will continue unabated as we further expand our market position.”

Transforming the Financial Market

Founded in 2015 and headquartered in Amsterdam, Blanco enables financial firms to capitalize on digitalization. The B2B firm is continuing to help asset managers, such as investment firms, brokers, banks, wealth managers and other financial institutions to serve their clients with modern digital investment solutions. Blanco offers a customizable robo advisor, which offers an automated digital investment product that financial companies can offer to their clients. Furthermore, Blanco provides such asset management firms with sustainability insights to comply easily with regulation, build smarter portfolios and provide client support.