Digital investing platform Peaks has reportedly raised €5m in a funding round, which will bolster its presence in the Netherlands and Germany.
The FinTech raised the capital from Haerlem Capital and Rithmeester, according to a report from eu-startups. As part of this deal, Rabobank Frontier Ventures has sold its stake in the company.
With the fresh funds, Peaks hopes to further the growth and development of its product in its current target markets.
Netherlands-based Peaks offers retail investors with a mobile app to easily build portfolios. Users can make investments from as little as €1, with various packages available to support those of all experience levels.
The Peaks CEO Tom Arends told eu-startups, “We see that the simplicity and convenience of the app, as well as the strong results it achieves, appeal to a much wider target group than just beginner investors. It’s also resonating among consumers with more wealth and more investment experience.
“With this new injection of capital, we want to keep growing our customer base in the Netherlands and Germany and expand our services to make investing even more accessible to a broader group of consumers. In the near future, for example, we want to enable our users to build their own portfolio to match their own personal preferences, so they have even more control over their investments.”
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