FortuneReaderA fintech that has developed an API that provides standardized and real-time access to any financial asset held by any legal entity. 500.000 Euro investment tour who directed angelsAs reported in a statement, Juan Roig’s investment firm, which was attended by Tres Coronas, Itnig, Waterhole Ventures and various ‘business angels’.
David Lozano CEO of Wealth Reader, Founder and CEO of AfterbanksFintech powered by Lanzadera and invested by Angels, whose technology allows to collect and collect data from different banks in real time and initiate instant and secure payments. The company was sold to Indra in October 2019.
The legal amendment made three years ago in the European Union limited access to family information of individuals and companies, with prior permission, to reading bank account information. Wealth Reader addresses the need to complete inheritance information and API that reads and standardizes side informationsuch as portfolios of funds and stocks or real estate assets.
Banks
The top 100 connectors will cover key assets in various geographies where Wealth Reader is currently affiliated with main banks in Spain: Andbank, Bancamarch, Bankinter, BBVA, Caixabank, ING, Renta 4 Banco, Sabadell, Santander and Triodos Bank.
“Until now, there have been solutions that use this information to automate activities such as lending or creating financial analysis and reporting tools, but imprecisely because they cannot access financial assets from different checking accounts. Fortune Reader is the provider Open Banking It offers more reliable connections with banks and other institutions and higher data quality with information about investments”, explains David Lozano.
Experience in regulated environments
To achieve this, fintech has “professionals with extensive experience in regulated environments and collaborates with strategic clients to help them develop the product for any type of client it targets. family offices, ventures or investment banking”.
Fintech CEO, “Once again, I have the chance to enlist the support of Angels, this investment round will allow us to grow the team and thus perfect the product for each client.”
“Investing in Wealth Reader is an example of Angels investing in number one; not in ideas or projects, but in people. We have known David Lozano for a long time and are reinvesting in him, we recognize his vision and execution capacity, and he leads disruptive fintechs that deliver different value to their customers,” he emphasized. Pepe Peris, CEO of Angels.