FNZ Raises US$500 Million In New Capital From Existing Shareholders To Support Long-Term Sustainable Growth
Summary
The new capital will provide financial strength to support FNZs long-term business plan and enduring success with customers. Investor backing enables FNZ to accelerate its mission of transforming, simplifying, and improving wealth management through technology. With a total of US$1.7 trillion in assets under administration, FNZ now partners with over 650 financial institutions and 12,000 wealth managers, on behalf of more than 24 million end investorsFNZ, the leading global end-to-end technology platform serving wealth and asset management businesses, today announces it has secured US$500 million in new equity funding.The company has secured the equity funding from its long-term institutional investors who remain closely aligned with FNZs strategy and ambitions.The new capital will provide financial strength to support FNZs long-term business plan and enduring success with customers, with a renewed focus on customer delivery through continued technological innovation and investment in people and operations. The transformation of global wealth management is only just beginning and Im passionate about FNZs role in empowering people to save and invest for the future. We are strengthening our foundations and investing to support our customers, drive innovation and create enduring value for the long-term.
Funding
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