About Wealthify
Wealthify is a company based in Penarth (United Kingdom) founded in 2014 by Michelle Pearce-Burke was acquired by Aviva in October 2017.. Wealthify has raised $869.99 thousand across 2 funding rounds from investors including Aviva and Welsh Government. Wealthify offers products and services including Stocks and Shares ISA, Personal Pension, Instant Access Savings Account, Cash ISA, and Junior Stocks and Shares ISA. Wealthify operates in a competitive market with competitors including Stash, Wealthsimple, Nutmeg, Wahed and ETFmatic, among others.
- Headquarter Penarth, United Kingdom
- Founders Michelle Pearce-Burke
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Wealthify Limited
- Date of Incorporation 12 May, 2014
- Jurisdiction PENARTH, CARDIFF, WALES
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Products & Services of Wealthify
Wealthify offers a comprehensive portfolio of products and services, including Stocks and Shares ISA, Personal Pension, Instant Access Savings Account, Cash ISA, and Junior Stocks and Shares ISA. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tax-efficient account for investing in stocks with expert management.
Platform to consolidate and manage personal pensions securely.
High-interest account for flexible deposits and withdrawals.
Tax-free savings option with competitive interest rates.
Long-term savings for children with tax benefits.
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Funding Insights of Wealthify
Wealthify has successfully raised a total of $869.99K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $869.99 thousand completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $869,989
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First Round
First Round
(29 Mar 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2016 | Amount | Seed - Wealthify | Valuation |
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| Mar, 2016 | Amount | Grant - Wealthify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Wealthify
Wealthify has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Aviva and Welsh Government. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government services for Wales are delivered through public administration.
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Insurance and asset management services are offered in multiple regions.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Wealthify
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wealthify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wealthify Comparisons
Competitors of Wealthify
Wealthify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stash, Wealthsimple, Nutmeg, Wahed and ETFmatic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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Online robo advisory and stock trading services are provided.
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Digital wealth management services are provided for investors.
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Shariah-compliant investments and savings are offered to individuals.
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Savings goals are set and invested automatically in diversified ETFs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wealthify
Frequently Asked Questions about Wealthify
When was Wealthify founded?
Wealthify was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Wealthify located?
Wealthify is headquartered in Penarth, United Kingdom. It is registered at Penarth, Wales, United Kingdom.
Who is the current CEO of Wealthify?
Andy Russell is the current CEO of Wealthify.
Is Wealthify a funded company?
Wealthify is a funded company, having raised a total of $869.99K across 2 funding rounds to date. The company's 1st funding round was a Grant of $202.76K, raised on Mar 29, 2016.
What does Wealthify do?
Wealthify was founded in 2014 in Penarth, United Kingdom, as a fintech platform focused on robo advisory and investment management. Operations enable users to deposit funds into savings accounts, track expenditures, and develop financial plans. Tools are included for analyzing market data, constructing investment strategies, and overseeing portfolios, all within the investment sector.
Who are the top competitors of Wealthify?
Wealthify's top competitors include Wealthsimple, Stash and Nutmeg.
What products or services does Wealthify offer?
Wealthify offers Stocks and Shares ISA, Personal Pension, Instant Access Savings Account, Cash ISA, and Junior Stocks and Shares ISA.
Who are Wealthify's investors?
Wealthify has 2 investors. Key investors include Aviva, and Welsh Government.
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