Vyzer, a digital wealth management platform, has recently announced the successful completion of a Seed funding round, securing $6.3 million from various investors, including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber, and Rafi Gidron. This investment aims to further develop Vyzer’s platform and expand its accessibility and reach.
Simplifying Wealth Management with Advanced Technology
Vyzer’s platform offers a comprehensive suite of financial services, including financial analysis, advanced planning, tracking, automated data management, analytics, peer benchmarking, and forecasting. Powered by artificial intelligence (AI), the platform’s primary goal is to eliminate the need for traditional high-cost models and financial advisors, making wealth management more accessible and understandable to a broader audience.
Co-founded by Litan Yahav, Tomer Salvi, and Guy Gamzu, Vyzer operates from both Israel and New York. Yahav and Salvi have a successful track record in the tech industry, having co-founded Segoma, which was acquired by R2Net for $18 million in 2015.
Bridging the Gap in Wealth Management
Vyzer’s mission is to bring the capabilities of billionaire wealth management back offices to everyday investors. By leveraging AI and cutting-edge technology, Vyzer aims to simplify complex wealth processes for its customers, providing them with greater insights and control over their investments. Ultimately, Vyzer empowers individuals to maximize their investment potential and foster wealth growth.
Litan Yahav, Vyzer’s Co-Founder and CEO, expressed his excitement about the recent investment, stating, “Vyzer is making billionaire wealth management back-office capabilities accessible to everyday investors. The funds will enable us to enhance our platform’s AI capabilities, develop new features, and broaden our market presence.”
Addressing the Challenges of Alternative Investments
Vyzer’s launch is timely, considering the impending transfer of wealth that is expected to be the largest in history. Analysts predict that in the coming years, baby boomers will transfer an estimated $68 trillion to their heirs. This tech-savvy generation is increasingly turning to alternative assets, some of which can be challenging to digitize and manage effectively.
Shelly Hod Moyal, Founding Partner of iAngels, highlighted the significance of Vyzer’s solution, stating, “High-net worth individuals are increasingly gravitating towards private investments – from real estate and startups to private equity. However, the lack of digitization in the management of these alternative investments presents significant challenges when it comes to achieving a holistic overview of their portfolios.”
A Solution for a Growing Investment Landscape
Vyzer’s technology addresses the visibility gap in wealth management. It provides investors with a broad and transparent view of their portfolios, enabling them to capitalize on the ever-expanding investment landscape by making informed and timely decisions. Additionally, Vyzer allows investors to scale their portfolios cost-effectively, making wealth management more accessible to a wider range of individuals.
In conclusion, Vyzer’s recent funding round marks a significant step towards revolutionizing wealth management by harnessing the power of AI and technology. As the transfer of wealth accelerates and alternative investments gain popularity, platforms like Vyzer are well-positioned to simplify and enhance the way individuals manage their wealth.
TL;DR
Vyzer, a digital wealth management platform, has secured $6.3 million in Seed funding from investors, including iAngels and Guy Gamzu. The platform leverages AI to simplify and democratize wealth management, offering financial analysis, advanced planning, and more. Vyzer aims to bridge the gap in wealth management and provide broader visibility into portfolios, particularly for alternative investments. With the impending transfer of wealth from baby boomers, Vyzer’s technology is timely and addresses the challenges of managing complex assets.
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