Chicago-based fintech Bridge FT, that provides portfolio management software platform for investment advisors and wealthtech companies, has announced capital infusion in Series A funding led by FINTOP Capital and MissionOG.

Existing investor UMB Bank’s corporate venture group also participated in the round. The firm did not disclose the amount of fund raised.

Bridge said that the funds will be used to boost growth and improve customer service. “Advisors need for back office efficiency has never been greater, but existing solutions remain stagnant and an impediment to manage and grow their client base. The new capital will help us expand our software and API functionality, and provide outstanding customer service,” said Rasheed Hammouda, chief executive officer and co-founder, Bridge.

Bridge’s platform—Atlas automates functions like data management to client reporting for advisors. It also provides portfolio accounting and management software with an API-driven, automation-centric approach. It serves advisors and wealthtech companies, with a primary focus on firms serving retail, mass affluent, and high-net-worth clients.

“Over the past three years, Bridge has experienced 10x growth of their advisor client base, establishing the company as the leading next-gen portfolio management platform,” said Rick Holton, general partner, FINTOP Capital. “We were attracted to Bridge’s rapid growth, deep roster of clients, and its position as a market leader.”

FINTOP Capital invests in B2B service-enabled SaaS and software companies in the fintech space, and brings real world understanding, networks, experience, and capital to grow those companies.

“We are extremely impressed with the Bridge management team,” said Andy Newcomb, Managing Partner, MissionOG. “Market and client feedback confirmed that Bridge’s offering is best-in-class. We are excited to partner with Bridge to accelerate their recent traction and achieve their goals.”

MissionOG invests in companies from segments like financial services and payments, data platforms, and software.

by Parnika Sokhi
imp-loader
preloader