UnitPlus Raises €4.7 Million to Launch AI-Driven Investment Tools
UnitPlus is the world’s first neo asset manager building a platform for both short- and long-term investments. - © UnitPlus
Berlin-based WealthTech startup UnitPlus has secured €4.7 million in seed funding to fuel its expansion and develop new AI-powered investment products. The funding round was led by UK-based VC Pact, with participation from Liechtenstein-based FinTech VC Seed X and other prominent investors.
The fresh capital will primarily support the development of new automated savings plans utilizing artificial intelligence for retail clients. Additionally, the company plans to introduce active ETF and private equity products, further expanding its product portfolio.
A significant focus of the expansion lies in UnitPlus Business, the company's cash management solution for SMEs. The platform aims to become a virtual capital market CFO, helping companies optimize their allocation decisions across various interest rate environments.
The funding comes at a crucial time, as UnitPlus has demonstrated remarkable growth in 2024, achieving a 134% increase in assets under management during the first half of the year. The company's business solution has already attracted substantial corporate liquidity, with numerous companies investing seven-figure sums within just ten weeks of its market launch.
"Our financing round success validates our commitment to delivering real innovation in the capital market," said Fabian Mohr, co-founder of UnitPlus. He highlighted that corporate clients using their platform can achieve returns aligned with the European Central Bank's key interest rate, which averaged 3.68% over the past year.
Monik Pham, partner at Pact, emphasized the strategic importance of serving SMEs, noting that while they represent 99% of all European businesses and employ almost 100 million people, their treasury needs remain largely underserved.
The investment round also saw participation from high-profile business angels, including EWOR founder Daniel Dippold, PayPal Ventures' Alexandros Bottenbruch, and other notable investors.
