FortuneReader and Wealth Reader: Real-Time Access to Financial Assets Across Entities
FortuneReader is a fintech platform that has built an API delivering standardized, real-time access to any financial asset held by any legal entity. In a recent investment round, a 500,000 euro tour of funding brought together a mix of angel investors and strategic backers, with participation from notable groups and networks. The round highlighted the collaboration of leading accelerator programs and high-net-worth individuals who oversee diverse portfolios and emerging fintech ventures.
Wealth Reader, a company led by its CEO, has a track record of connecting financial data streams. The firm specializes in data aggregation from multiple banks in real time and supports secure, instantaneous payments within a single, unified framework. The venture later underwent a corporate transition, being integrated into a larger tech conglomerate in late 2019, a move that helped accelerate its scale and capabilities in the financial data space.
A key trend driving Wealth Reader is the tightening of European Union information-sharing rules. A regulatory amendment enacted several years ago restricts the access to personal and corporate financial details, permitting access primarily with explicit consent. Wealth Reader positions itself as a solution that completes the inheritance and portfolio information puzzle. It offers an API that reads and standardizes data about investments, including funds, stocks, and real estate assets, enabling a clearer view of asset holdings across entities.
Banks
From its vantage point, the top 100 financial connectors are central to service delivery across multiple geographies where Wealth Reader conducts business. In Spain, the company maintains affiliation with major banks and financial institutions, including Andbank, Bancamarch, Bankinter, BBVA, Caixabank, ING, Renta 4 Banco, Sabadell, Santander, and Triodos Bank. These connections are part of a broader strategy to ensure broad coverage and reliable data feeds for clients who require real-time visibility into holdings.
Historically, solutions in this space could automate activities such as lending analytics or financial reporting, but their reach was limited by fragmented access to funds across different accounts. Fortune Reader positions itself as a trusted Open Banking provider offering more reliable connections with banks and institutions, coupled with higher data quality. It emphasizes richer information about investments, aiming to reduce data gaps that typically hinder comprehensive asset insights.
Experience in Regulated Environments
To achieve the level of reliability demanded by financial institutions, the fintechs behind Fortune Reader and Wealth Reader rely on professionals who bring extensive experience in regulated environments. They collaborate with strategic clients to tailor the product for diverse user segments, including family offices, venture firms, and investment banks. The focus is on delivering a robust, compliant platform that can serve sophisticated clients with complex portfolios.
The leadership team notes that this round of investment will fuel growth and expand the team, enabling faster product refinement and broader client support. The emphasis is on practical, scalable improvements that improve day-to-day operations for those who manage wealth across multiple vehicles and jurisdictions.
Investors describe Wealth Reader as a case where backing goes beyond ideas and projects to the people driving them. Long-standing relationships with founders are cited as a reason for continued reinvestment, recognizing a track record of vision, execution, and the ability to lead disruptive fintechs that deliver distinct value to clients. The message from investors highlights a shared belief in capable leadership and practical outcomes.