Blanco WealthTech, an Amsterdam-based fintech that develops technology for wealth managers, announced that it has secured over €3M from current investors and new industry experts.
Existing investors include Volta Ventures, Dutch Founders Fund, KBC Focus Fund, and Capiva Plus Fund.
The company says the new investment will enable Blanco to cement its position and further automate and scale up its operation.
Appoints Johan Verschelden
In addition to the funding, the Dutch fintech company also appointed Johan Verschelden as co-CEO, replacing founder Bernadette Wijnings, who focused on the internal organisation (HR, development, operations, customer service) and investors.
“Blanco is a fantastic company with an incredibly motivated and professional team. I am honoured to take on the co-CEO role and work with this group of people to build on our market leadership. Now that Blanco has outgrown the startup phase, we will focus on further professionalising and improving our services to the 150+ clients we currently serve,” says Johan Verschelden.
“We are extremely pleased and honoured that industry experts are once again joining the rich group of shareholders that Blanco has and that, in addition, our existing shareholders are expressing their confidence again. It is our mission to automate and facilitate the processes of asset managers as much as possible, and we work every day to do it even better for them,” he adds.
Bernadette Wijnings, founder and former co-CEO, says, “I have enjoyed setting up Blanco and building it into the company it is today. In the coming period, the focus will be on execution: increasing the delivery capacity and making the operation more scalable. Tasks to which Johan’s profile fits extremely well.”
Co-founder Joost Walgemoed will continue in the role of co-CEO, with a focus on commerce.
Walgemoed says, “To give our ever-growing group of customers the time and attention they deserve, I will continue to focus on the customer side as co-CEO so that we continue to develop products and services that actually solve their problems
Blanco: What you need to know
Founded in 2015, Blanco develops technology for wealth managers that automates the entire wealth management process.
The platform consists of a KYC and Compliance Suite as well as an Investment Suite, allowing asset managers to focus on client contact and advice efficiently.
At present, the company employs over 50 full-time employees. Blanco’s solutions are used by 150 financial institutions in six European countries. The company is expanding its market share in Belgium and implementing its first customers in Germany.
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