A robo-advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use human financial planners. This note analyses some key developments from startups in the domain of Robo Advisory.
Toucan (2015, Singapore) gamified mobile wallet used for paying daily expenses at partnered sites and stores. Currently in beta stage.
Lufax (2011, Shanghai, part of PingAn Insurance) China's largest P2P lending platform that focuses on consumer lending is reported to have raised $900M at a post-money valuation of $18.5B. The company had previously raised ~$500M at a post-money valuation of $10B in Dec 2014.
Recent notable activity - Education IT
•Interfolio, a Washington based Human Resource Management platform for Higher Education raised $12M led by Quad Venture Partners,Blu Venture Investors and others.
•Allouvue, an account management platform for schools raised $5M Series A round led by Red House Education, Serious Change II, Kapor Capital and Baltimore Angels.