Latest news with #WealthTech
Yahoo
23-07-2025
- Business
- Yahoo
Eton Solutions Announces Strategic Partnership with Asas Capital to Launch ‘Family Office as a Service' in the Middle East
Eton Solutions will be the exclusive technology partner for Asas Capital's newly licensed Multi-Family Office in Saudi Arabia. Asas Capital will leverage Eton's Administrative Family Office (AFO) platform, powered by AtlasFive® to deliver wealth management solutions for UHNWIs and HNW families across the Middle East. This partnership marks a significant milestone as Asas Capital aims to become the first player in the region to offer a comprehensive "Family Office as a Service" model. DUBAI, UAE, July 23, 2025--(BUSINESS WIRE)--Eton Solutions, a global leader in WealthTech solutions, today announced an exclusive partnership with Asas Capital, a prominent multi-family office with a strong presence in the UAE and newly licensed operations in Saudi Arabia. This collaboration will launch the Middle East's first "Family Office as a Service" platform, combining Asas Capital's regional expertise with Eton's cutting-edge ERP technology to transform wealth management for ultra-high net worth (UHNW) and high net worth (HNW) families. Asas Capital, headquartered in the Dubai International Financial Centre (DIFC) and licensed by the Dubai Financial Services Authority (DFSA), brings over 15 years of investment advisory expertise in the Gulf Cooperation Council (GCC). With a strong track record in private equity, pre-IPO investments, asset management, and corporate advisory, Asas Capital is now leveraging its deep regional networks and market intelligence to pioneer a transformative "Family Office as a Service" model in the Middle East. This offering aims to meet the evolving needs of Ultra and High Net Worth families by combining institutional-grade financial solutions with bespoke advisory services. Anchored in ethics, transparency, and stakeholder-first values, Asas Capital is set to redefine the family office landscape in Saudi Arabia—one of the world's fastest-growing private wealth markets. Their focus on late-stage, technology-enabled investments and commitment to innovation further strengthens their ability to offer integrated, high-performing wealth solutions across the region. The Middle East, home to some of the world's most dynamic UHNW markets, presents a significant opportunity for innovation in family office services. With this partnership, Eton Solutions reinforces its commitment to global expansion, adding Saudi Arabia to its roster of international markets like the UK, Switzerland, UAE, India, Singapore, Hong Kong, Indonesia, Taiwan, Australia and New Zealand. The company's AtlasFive® platform currently manages over $1 trillion for 800 families worldwide, processing 14.2 million transactions annually. Satyen Patel, Executive Chairman of Eton Solutions, said, "The Middle East represents a cornerstone of Eton's global strategy, and our alliance with Asas Capital accelerates our shared vision of family office innovation. With Eton, clients gain real time insights into portfolio performance, automated compliance, and scenario modeling—all while retaining absolute data security. Together, we're not just keeping pace with the region's growth; we're helping to define its future." Commenting on the partnership, Himanshu Khandelwal, CEO, Asas Capital said, "Eton's partnership with Asas sets a new gold standard for family office services in the Gulf. A disciplined governance model is essential for transitioning a family's legacy into a resilient and sustainable future. Asas, having its roots as a family office, brings deep insight into the unique needs of families looking to structure, consolidate, and manage generational wealth. By integrating Eton's globally trusted platform, we are now able to streamline family wealth with unprecedented precision and transparency, placing intelligent technology at the core of our client relationships. Together, we're not just managing wealth—we're engineering a smarter, more secure future for the Gulf's most accomplished families." About Eton Solutions: Eton Solutions is an ERP software and services company founded to handle the complexities of servicing family offices and private equity firms globally. The company is based in the United States, in Research Triangle Park, NC. with its international headquarters in Singapore focused on serving markets outside of the Americas. We offer two flagship products, AtlasFive® and EtonAI™, that together manage $1 trillion on our integrated platform. Created by family office leaders, AtlasFive® holistically aggregates and manages all liquid and alternative investment assets alongside data, reporting, and workflow processes, while EtonAI™ brings advanced AI driven insights and automation to every aspect of your operations. With a single source of truth, Eton Solutions propels family offices and PE firms into the future by maximizing efficiency, minimizing errors and risk, and have sustained a CAGR of over 100% since our inception. Visit: View source version on Contacts For all media queries, please contact:Ritika Kar | |+91 97113 06380 Mudit Gupta | | + 91 8383922178 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
08-07-2025
- Business
- Finextra
Wealthtech Firenze signs Söderberg & Partners
Firenze, the wealthtech innovator redefining Lombard lending, has today announced a partnership with Söderberg & Partners Wealth Management, the UK arm of the Swedish wealth manager. 0 By bringing Lombard lending to wealth managers, Firenze is opening up the benefits of private banking to mass affluent investors and those who choose not to work with private banks; enabling them to borrow against the value of their investment portfolios without selling assets, disrupting investment plans and triggering capital gains - all while continuing to make gains from investment returns. Firenze's platform offers loans from £65,000, secured against clients' investment portfolios, increasing liquidity for other investments. And because borrowing is secured lending with highly liquid collateral, Lombard lending offers lower interest rates compared to typical unsecured loans and allows decisions to be made in hours rather than weeks or months. With the integration of Firenze, Söderberg and Partners advisers benefit from: • Increased focus and improvement of investment decisions and portfolio performance - keeping clients invested rather than selling assets • Increased speed of investment for clients, retaining ongoing fee revenue • Use of borrowing as a strategic toll for tax planning and optimal inheritance strategies • Support clients with intelligent cash flow solutions, without sacrificing market exposure • Differentiated from competitors - and competing against private banks Söderberg and Partners Wealth Management has been expanding its presence across the UK, investing in independent financial advisers (IFAs),helping them grow, drive efficiencies and benefit from innovative, new propositions and solutions for clients. David Newman, CEO of Firenze, commented: 'Soderberg & Partners are one of the most exciting players in the UK wealth management market today and it is a real pleasure to partner with Nick and his team. They have a really innovative platform, have acquired some incredible firms and it's great for their advisors & clients to now be able to benefit from Lombard lending.' Nick Raine, CEO of Söderberg and Partners Wealth Management said: 'We're delighted to partner with Firenze. Being able to offer Lombard lending provides our advisers with another tool in their arsenal and a distinct advantage, strengthening their broader proposition, offering forward-thinking, new ways to invest and engage clients, as well as growing AUM and competing with the private banks.' Dave Ferguson, CEO of Seccl, whose technology powers the Söderberg platform said: 'It's great to have a ringside seat on the innovations at play within the wealthtech sector. Propositions like Firenze's are helping to meaningfully improve the proposition that advice firms and platforms alike are able to provide, not to mention the experience that end investors receive." Continuing momentum The announcement comes after a successful period for the wealthtech, which has recently closed a £2.5m seed round, led by Outward VC - the backers of Curve, PrimaryBid and Vauban. It is already partnering with leading wealth managers, covering c.£75bn of assets under management (AUM) and recently announced a partnership with Monument Bank - the sole challenger focussed on the mass affluent - with a £160m funding line committed. Firenze is led by Firenze is led by fintech entrepreneur, Daid Newman, and has established a heavyweight Board, including Paul Pester as Chair (Virgin Money, Tandem Bank and TSB), Samantha Bamert (Barclays, Ask Inclusive Finance) and Mike Toole (Artorius, Baker Tilly, KPMG, Skipton).
Finextra
03-07-2025
- Business
- Finextra
Allfunds appoints Daniel Jesus Alonso as new head of US
Allfunds (AMS: ALLFG), the leading WealthTech platform with over €1.5 trillion in assets under administration, today announces that Daniel Jesus Alonso will be joining Allfunds as its new Head of US. 0 Effective July 9th and based in Miami, Alonso will report to Gianluca Renzini, Chief Commercial Officer, and will play a key role in driving Allfunds' growth in offshore markets while strengthening its wealth management and product development initiatives. Daniel joins Allfunds from Morgan Stanley Wealth Management where he played a pivotal role in the expansion of the international (US Offshore) business most recently serving as Head of International Wealth Management (IWM) Product Development. In this role, he led investment product strategy, development, and distribution for international clients. Prior to that, he served as an Executive Director within Morgan Stanley's Investment Solutions Organization, overseeing the International Product Specialist team. With nearly two decades of experience in international wealth and private banking he brings deep expertise across capital markets, alternatives, traditional and advisory investment solutions. Earlier in his career, he worked in capital markets, providing sales and trading coverage to International Wealth, Middle Market, and Private Banking clients across structured investments, equities, and fixed income. Daniel holds an MBA from Dowling College and a BA from Montclair State University, and he is both CFP® and CIMA® certified. He has also completed the FINRA Series 7, 24, 55, and 66 exams, reflecting his comprehensive knowledge of investment management and regulatory requirements. Gianluca Renzini, Chief Commercial Officer for Allfunds said 'We are very pleased to welcome Daniel to our team as we strengthen our presence in key markets. His extensive experience in international wealth management and deep understanding of the US offshore market make him the ideal leader to drive our growth strategy in the Americas. This appointment reflects our commitment to bringing world-class talent to accelerate our expansion into high-growth markets.' Daniel Alonso, incoming Head of US for Allfunds, added 'Allfunds stands out in the US offshore market for its ability to deliver both private and public market solutions in multiple currencies within a single, integrated ecosystem. Its commitment to innovation and deep understanding of evolving market and product trends creates a compelling opportunity. I'm excited to be part of this journey and to contribute to the company's continued growth and commitment to the region.'
Finextra
03-07-2025
- Business
- Finextra
Infront to licence fixed income market data from Nordea
Infront AS ('Infront'), a premier European WealthTech leader, has entered into an agreement to license and distribute Nordea's industry-leading Nordic fixed income market data. 0 This strategic collaboration merges Nordea's unparalleled data expertise with Infront's advanced WealthTech solutions, delivering seamless access to high-quality data and powerful tools for performance tracking and informed investment decisions, empowering wealth managers, asset managers, and financial professionals across Europe. 'This partnership with Infront marks an exciting step in expanding the reach of our high-quality fixed income data. By combining our expertise with Infront's innovative WealthTech platforms, we are empowering financial professionals across Europe with the tools they need to deliver exceptional value to their clients.' 'Infront is thrilled to collaborate with Nordea, a leader in Nordic financial services,' said Daniel Wrigfeldt Chief Content Officer at Infront. 'This agreement enhances our ability to provide wealth managers and traders with reliable, actionable data, reinforcing our commitment to delivering state-of-the-art solutions that drive client success.' Driving Value for Clients and the Market The partnership delivers significant benefits for Infront's clients, who gain access to Nordea's trusted fixed income data to support portfolio management, performance tracking, and investment decision-making. For Nordea, the agreement amplifies the distribution of its data through Infront's European WealthTech ecosystem, strengthening its position as a leader in financial services. Together, the collaboration enhances the WealthTech market by combining Nordea's data expertise with Infront's technological innovation, meeting the evolving needs of financial professionals.
Finextra
11-06-2025
- Business
- Finextra
Investbanq secures US$3 million in Pre-Series A funding
Investbanq, the AI-powered wealth operating system for family offices, asset managers, and banks, has secured US$3 million in Pre-Series A funding. 0 The round drew participation from Constructor Capital, Orvel, Big Sky Capital and several other prominent investors, underscoring growing investor demand for next-generation WealthTech infrastructure. Investbanq recently captured global attention by winning Meet The Drapers, the international startup show judged by venture capitalist Tim Draper, and by receiving Global Private Banker's 'Best WealthTech - AI' award, reaffirming its technological leadership and global market potential. Investbanq is the next-generation wealth management platform, enabling banks, asset managers, and family offices to transition into AI-driven WealthTech players. Its WealthOS product allows efficient management of the rapidly growing capital pools of affluent millennials and other digitally native investors across Asia and the MENA region 'The number of individuals requiring advanced Wealth Management was growing for 50 years, and will be exponentially accelerated by GenAI,' said Dr. Serg Bell, Founder and Chairman of Constructor Capital. 'Investbanq's dynamic and adaptive AI engine creates diversified portfolios in real time, completes onboarding in days, not months, and lowers long-standing barriers for those wanting to access private-market opportunities.' Investbanq is headquartered in Singapore, with additional offices in Kazakhstan and the UAE. The startup has completed the EBRD Star Venture program and is now enrolled in both the NVIDIA Accelerator and First Rate Connect—evidence of strong expert backing and the platform's global potential. 'We want to help create a world where anyone can master, grow, and pass on their wealth with confidence and clarity,' said Oz Zhiyenkul, Co-founder and CEO of Investbanq. 'We are pleased that investors sharing our vision for the future of WealthTech have placed their trust in Investbanq,' added Tk Kantayev, Co-founder and COO.
