//

Roboadvising is a multi-million dollar business. 

Betterment, the largest independent roboadvisor on the market, is now valued at $800 million after raising another $70 million in funding. The nearly decade-old roboadvisor brought on the $70 million as an extension of a Series E funding round from March 2016 led by the Swedish investment company Kinnevik. 

« We’ve always prioritized what would have the biggest impact for our customers. Since the beginning, that’s meant focusing on delivering the best possible after-tax returns and empowering customers to do what’s best with their money, » Betterment CEO Jon Stein said in a statement. « The additional funding will allow us to fulfill our mission and continue to build products that put even more money back in our customers’ pockets. » Read more…

More about Fintech, Betterment, Roboadviser, Business, and Startups

from Startups http://ift.tt/2gQxYIR