Following the closing of its first funding round early this year, yeekatee has secured a further CHF 550,000 from FiveT Fintech and existing investor Ronald Strässler, a celebrated entrepreneur in the industry. The proceeds will enable the company to advance its social investing app – the platform allows investors to aggregate their portfolios and communicate investment moves in one place.
Founded in November 2021, yeekatee specialises in advanced wealth aggregation, portfolio tracking, and community-driven features tailored for the new-age retail investor. Aiming to make investing social and accessible to everyone, the startup developed a mobile app to empower new and experienced investors to track all their assets, aggregate portfolios, share experiences and discuss market news and investment strategies. The app includes learning materials and market insights to foster a community of informed investors and an ultra-secure automatic synchronisation feature for actual bank and brokerage accounts.
Launched on the Apple Store and Google Play, the free-to-use mobile app is currently in Beta, with a few hundred test users, mainly from Switzerland and partially from Europe. Interested test users should contact the company to receive an invite code by joining the list at yeekatee.com or by writing 'Code' to the company. After the test phase, the startup plans to introduce premium plans, allowing for advanced analytics, family view, and premium data and content.
The additional capital enables the company to transition into a fully-fledged social investment platform in the coming months and years, preparing it for a broad launch across Europe. Participants in the round include FiveT Fintech, formerly known as Avaloq Ventures and Ronald Strässle, a renowned startup investor, entrepreneuer and the startup's co-founder and Chairperson of the Board.
Didier Matthey, CEO and Co-Founder of yeekatee said, "yeekatee sets itself apart by offering unparalleled precision and comprehensive coverage of portfolio figures for synchronised real portfolios as for manually entered. This depth of information and the access to the community equips users to manage their wealth more effectively and aids in making informed financial decisions."
Alexander Christen, CEO and Co-Founder of FiveT Fintech, stated, "We are thrilled to be part of yeekatee's journey to redefine wealth aggregation and social investing. yeekatee's booking engine is a trailblazer, providing investors with an unprecedented depth and accuracy of portfolio data. We eagerly anticipate the next phase where we support the team in finding the most effective strategies for leveraging this data and establishing vibrant investor communities."
(Press release/RAN)
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