Tokyo-based asset management service WealthNavi has raised $15m in a Series B round of funding.
The investment comes from SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital and Infinity Venture Partners.
WealthNavi aims to help middle-income consumers diversify their investment portfolios with international assets.
It will also partner with SBI Holding’s subsidiaries SBI securities and Sumishin SBI Net Bank to offer its robo-advisory services.
Through the partnerships the company will reach SBI’s 2.6m online banking and 3.6m stock trading customers.
The round brings the total raised by WealthNavi to $21m since its launch in April 2015.
Copyright © 2016 FINTECH GLOBAL
Copyright © 2018 RegTech Analyst
