FNZ Receives $1.4 Billion in New Capital

In a new equity 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 led by CPP Investments and Motive Partners, FNZ, an international wealth management platform, has raised a total of $1.4 billion. The recent financing has pushed the valuation of the company to over $20 billion.

With a mission to transform the global wealth management industry, FNZ partnered with more than 650 financial institutions including banks and payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term firms. According to FNZ, the company has increased its efforts in research and development. Moreover, the funding will facilitate the expansion of FNZ in North America.

“Today's announcement represents a resounding endorsement of FNZ's track record and future strategy. The company has successfully demonstrated exponential growth in the scale and depth of customer relationships and geographic expansion with platform revenues more than quadrupling in the past three years to over US$1billion per annum, whilst also growing profitably and sustainably,” Adrian Durham, the Founder & Group CEO of FNZ, commented.

The global wealth management industry has witnessed sharp growth in the past 24 months. The financial assets under management across the industry increased significantly. A similar growth trajectory was observed at FNZ. The firm witnessed a jump of nearly seven times in its assets under administration as the number has increased from $212 billion to $1.5 trillion in the last 5 years.

Global Footprint

With the new funding, the firm is now planning to acquire a larger share of the $100 trillion global wealth management market.

"We could not be more excited about our collective opportunity to work alongside the FNZ team. Since FNZ's inception, its growth trajectory has been extraordinary, and as we combine our strength of expertise, knowledge and access to the global financial services ecosystem, we have the opportunity to deliver an exceptional value-proposition to wealth and asset management customers all over the world to meet growing demand,” Rob Heyvaert, the Founder & Managing Partner at Motive Partners, commented.