We are proud to receive this 2020 FinTech Breakthrough Award in recognition of our innovative wealth management and investment platform. - Dr. Steffen Pauls, Founder & Chairman of Moonfare
LOS ANGELES (PRWEB) March 11, 2020
FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Moonfare, the fintech scale-up that allows individual investors to invest in private equity funds, has been selected as the winner of the “Wealth Management Innovation Award” in the fourth annual FinTech Breakthrough Awards program.
While private equity is an increasingly popular asset class for investors seeking returns in a long-term low interest rate environment, the typical entry points start at seven figure investment minimums, making it nearly impossible for individuals to access these funds. Moonfare addresses this issue by providing access to top global funds with a significantly lower minimum investment, starting at 100,000 euros. Moonfare’s research team constantly monitors the performance of various PE funds, identifying opportunities and performing in-depth due diligence.
“It is no secret that investing through traditional institutions is cumbersome, often taking several weeks and involving complex legal processes,” says Dr. Steffen Pauls, Founder & Chairman of Moonfare. “Moonfare has developed a true “breakthrough” in this area, digitalizing the process so that users can invest within minutes while also complying with regulations. We are proud to receive this 2020 FinTech Breakthrough Award in recognition of our innovative wealth management and investment platform.”
Whilst private equity investing traditionally takes weeks of manual paperwork and incurs hefty advisory fees, Moonfare’s proprietary technology enables compliance with complex legal and regulatory processes to be completed within minutes at no extra charge. The platform provides an easy-to-use and secure end-to-end digital service which allows investors to manage their investments dynamically online.
In addition, Moonfare uniquely offers investors a secondary marketplace, in which investments can be sold after one year. With prices driven by supply and demand, Moonfare’s network provides a broad set of potential buyers during the quarterly secondary windows, offering liquidity to a traditionally illiquid asset class.
“Among everything else Moonfare offers, the key inhibitor for individuals wanting to invest in private equity is the weeks of legal paperwork required to do so,” says James Johnson, Managing Director, FinTech Breakthrough. “Moonfare enables these regulatory requirements to be completed online within 15 minutes, with no additional fees. Along with backing from a significant group of investors from the broader private equity ecosystem, who both advise and provide capital to the company, Moonfare has access to top-tier funds. This is a powerful
proposition and we are delighted to recognize them with our ‘Wealth Management Innovation Award’ in our 2020 FinTech Breakthrough Awards program.”
After a mere two years, the Moonfare platform boasts over 5,000 active users who have invested over 250 million euros. Headquartered in Berlin, Moonfare has over 80 employees worldwide. It operates in the UK, Germany, Switzerland, Luxembourg, Hong Kong and will soon expand into other European markets. Its clients range from those who have worked in or around private equity, to entrepreneurs and senior executives who have liquidity and want access to better returns.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Moonfare provides qualified investors with access to top-tier private equity funds at lower minimums and lower fees than previously possible. Investing starts with as little as €100,000 in funds that typically have multi-million dollar minimums. With Moonfare, the process is fast, easy, and secure. Moonfare allows qualified individuals to invest in Private Equity like a professional.