back Back

Moonfare launches in the U.S.; consolidates role as a globally alternative investment platform

By Edlyn Cardoza

January 27, 2022

  • AML
  • FinTech
  • Insight Partners
Share

Moonfare, Private Markets Go Retail, Insight Partners, FinTech, New York City, USA, Singapore, KYC, AML, Private Equity InvestmentMoonfare is actively shaping the ‘Private Markets Go Retail’-phenomenon and is one of the companies in this sphere that acts as a truly global player. Following a $125 million Series C led by technology investor Insight Partners, Berlin-based FinTech Moonfare announces its U.S. debut. With this step, Moonfare becomes a truly global company with operations across Europe, Asia, and now the U.S. The private equity investment platform is also launching in Singapore in the coming weeks, expanding its global footprint further.

Moonfare is breaking the mould through its strong partnerships with category-leading Private Equity and Venture Capital funds, including landmark names such as KKR, The Carlyle Group, Blackstone, IVP and Khosla Ventures. Unique in the U.S., Moonfare enables its members to invest directly in a selection of curated, top-tier funds, with low-entry minimums of $125.000. Unlike other investment strategies with clunky onboarding processes, Moonfare’s digital platform allows its clients to register, complete KYC and digitally sign documents, all within 15 minutes.

As one of the world’s largest wealth hubs, the U.S. holds strong potential for Moonfare’s ambitious growth plans. North America’s Very High Net Worth (VHNW) population continues to grow, reaching 1.1 million VHNW individuals in the U.S. In comparison, the VHNW class in Europe is contracting, falling to roughly 600.0001 in 2021. In addition, the U.S. is home to the world’s wealthiest millennials, who represent a new generation of qualified investors looking to achieve high returns and portfolio diversification.

Steffen Pauls, Moonfare’s founder and former KKR Managing Director and seasoned industry veteran, has set his sights on the U.S. market for quite some time.

“We are thrilled to expand our global footprint and proud to be amongst the few European FinTechs expanding into the U.S.,” says Moonfare founder Steffen Pauls. “Entering the U.S. market provides a tremendous opportunity, allowing us to use our proprietary technology platform to create a unique experience for like-minded investors who are bullish on pursuing investments into private markets unavailable to them in the past. As customer behaviour continues to transform towards direct digital solutions we see a lot of growth potential for the platform with it’s easy and direct access to private markets.”

Additionally, as part of the U.S. launch roadmap, Moonfare enhances its product offering and dedicates resources to its best-in-class technology. Moonfare USA will be headquartered in New York City.

Previous Article

January 27, 2022

iGTB launches cloud-native Virtual Account Management 2022 as SaaS offering

Read More
Next Article

January 27, 2022

Lulu Exchange partners with Magnati to facilitate DWallet cards

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

AML

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Wealth managers grapple with long client onboarding times, study shows

Read More

July 15, 2024

Daiwa Capital Markets Europe selects Delta Capita for CLM service

Read More

July 15, 2024

Thought Machine and Quantifeed partner to modernize banking

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024