Paris-based Finary, the fintech simplifying wealth management for retail and private investors, has raised €25M in Series B funding.
The round was led by PayPal Ventures, with renewed backing from Y Combinator, Speedinvest, Kima Ventures, LocalGlobe, Hedosophia, and several prominent angels including Harsh Sinha, Axel Weber, Steve Anavi, Alexandre Prot, and Eric Demuth.
Making wealth management transparent and accessible
Founded in 2021 by Mounir Laggoune and Julien Blancher, Finary offers an all-in-one investing platform already used by 600,000+ customers in France. Its platform covers portfolio tracking, crypto, life insurance, and private-wealth services, with a focus on independence and transparency versus traditional banks.
With the new funding, Finary will:
- Hire 50+ team members to fuel European expansion
- Expand Finary One, its private wealth service for users with €500K+ in assets
- Launch AI-driven wealth management tools
- Add brokerage, savings, retirement accounts, and new asset classes
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Why now
Europe’s retail investors are under pressure, with €13.9T sitting in low-yield accounts, aging pension systems, and a generational wealth transfer ahead. The startup sees an opportunity to capture millennials and Gen Z, 87% of whom are expected to switch financial advisers by 2030.
Mounir Laggoune, CEO and co-founder of Finary, said:
“Our mission is to give investors real power by combining financial tools and education at scale. This funding allows us to double down on AI and growth so that millions of Europeans can access a service once reserved for a privileged few.”
Investor view
Alex Bottenbruch, Partner at PayPal Ventures, added:
“Finary’s transparent, low-cost platform empowers Europeans to rethink how they invest. We see huge potential as they scale their model across Europe.”
Beyond investing
In addition to its core app, the company has launched Finary Life, a next-gen life insurance product built with BlackRock and Generali, and expanded into crypto investing. Licensed as a Financial Investment Adviser and Insurance Broker under French regulators, the company positions itself as a trusted alternative to traditional wealth institutions.
