Extra Crunch Live: Join Wealthfront CEO Andy Rachleff August 11 at 1pm EDT / 10am PDT about the future of investing and fintech
https://techcrunch.com/2020/08/05/extra-crunch-live-join-wealthfront-ceo-andy-rachleff-august-11-at-1pm-edt-10am-pdt-about-the-future-of-investing-and-fintech/
Wealthfront was one of the earliest and remains one of the most formidable companies in the so-called robo-advisor space — algorithmic apps that manage and optimize your savings and investments. Since its debut, the platform has skyrocketed in popularity, taking in more than $200 million in venture capital according to Crunchbase, including a recent $75 million round led by Tiger Global in 2018 when the company had just shy of $10 billion in assets under management. Since then, it’s added additional banking services such as high-interest checking accounts and other products.
Wealthfront’s product expansion mirrors the broader landscape of fintech, which has seen massive growth in investor enthusiasm over the past decade. From managing student loans and investment products, to lowering barriers to trading stocks, to creating new APIs to extend financial services across more businesses, fintech has been one of the hottest sectors for founders and investors.