WealthNavi Startup raises $15M read more at here www.spinonews.com/index.php/item/1296-wealthnavi-startup-raises-15m

Japanese asset management startup WealthNavi raises $15M. 

Tokyo-based WealthNavi, announced on Wednesday that it has fundraised 1.5 billion yen (about $15 million) . WealthNavi offers a cloud-based robo-advisory service that helps middle-income people better locate diversified investments internationally.

WealthNavi, Inc. offers a platform for asset managers which uses risk management algorithm for asset management advice. The company was founded in 2015 and is headquartered in Tokyo, Japan.

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The startup has partnered with SBI securities and Sumishin SBI Net Bank, both of which are subsidiaries of SBI Holdings, to offer the robo-advisory service to SBI’s 2.6 million online banking customers plus 3.6 million stock trading customers. 

According to VentureBeat report, Participating companies in this round were SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital, and Infinity Venture Partners.

The company offering a technology-based asset management service.The service was officially launched in July this year.