Finary completed 25 million euros Series B financing, led by PayPal Ventures

PANews reported on September 19 that wealth management platform Finary announced that it had completed a 25 million euro Series B financing, led by PayPal Ventures, with LocalGlobe, Hedosophia, Shapers and existing investors Y Combinator and Speedinvest participating. Finary plans to use AI technology to build an automated and personalized wealth management platform, and will launch new products such as brokerage accounts, investment accounts (PEAs), retirement accounts (PERs), etc. to expand to more European markets. Currently, the number of Finary users has exceeded 600,000 and has achieved profitability in the fourth quarter of 2024.