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Tokyo based investment robo-advisory service WealthNavi has closed a $15m Series B funding round with participation from SBI, Mizuho Capital, SMBC Venture Capital, DBJ Capital and Infinity Venture Partners. WealthNavi offers a cloud-based robo-advisory service that helps middle-income people better locate diversified investments internationally that launched in July 2016.Read more at: http://www.dealstreetasia.com/stories/japan-2-54980/
The latest investment brings their aggregate equity financing raised to date to 2.1 billion yen (~$21 million) since inception in April 2015. In parallel to the investment, WealthNavi has also entered into partnerships with SBI Securities and Sumishin SBI Net Bank, subsidiaries of SBI Holdings. This will see them offer the robo-advisory service to SBI’s 2.6 million online banking customers plus 3.6 million stock trading customers.
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