Convoy has led a $37.2m round for digital wealth manager Nutmeg, doubling its total funding to about $74m in the process.
UK-based digital wealth management technology developer Nutmeg raised £30m ($37.2m) yesterday in a funding round led by financial advisory firm Convoy.
Venture capital firm Balderton Capital and asset manager Schroders also took part in the round. Convoy’s commitment was made as part of a strategic partnership that will provide Nutmeg with access to the corporate’s expertise.
Founded in 2011, Nutmeg provides an online wealth management platform that enables consumers to invest in a stock-based instant savings account (ISA) or in…
