Crédit Mutuel Arkéa has returned in a $10.3m round for the financial advice software provider that will be used to add a retirement savings plan to its repertoire.

Yomoni, the France-based operator of a financial advice system, has raised €8.7m ($10.3m) from financial services firm Crédit Mutuel Arkéa and investment firm Weber Investissement.

Founded in 2014, Yomoni has developed an online investment platform powered by an automated bot adviser that helps retail investors manage their long-term savings in different asset classes including stocks and bonds.

The company covers different savings plans including life insurance, stock and securities accounts. It is managing more than 21,000 mandates, up 40% from…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.