Digital investment advisor QUIN has reportedly closed its seed round on €1m as it looks to attract millennials to the world of investing.
The German FinTech received the funds from investors including Sino Ag, which acted as the lead backer, Runa Capital and APX, according to a report from Tech.eu.
Mobile-based QUIN is a free investment advisor that empowers consumers to create and monitor an ETF portfolio at any bank of their choice. Users pick the bank they want their investment to be with, link the account, and QUIN will support investment decisions.
One-click to buy products make making investments simple and less time intensive. QUIN also provides full transparency of fees, as well as a dashboard to monitor portfolios 24/7 and centralise trading accounts into a single location.
The company’s chief executive Christian Rokitta told Tech.eu the company was created following the challenges he faced when he first started investing.
QUIN is targeting the millennial market and is initially focused on Germany but will grow internationally in the future.
Retail investing is becoming a popular endeavour. US-based investing app Robinhood became a decacorn last month after a $660m Series G shot its valuation up to $11.7bn.
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