Tallinn-based Raison, a mobile app for operations with investments and personal finance, announced that it has reached $30M (approximately €27.88M) in valuation after merging with Raison Asset Management, a US SEC-regulated investment company.
The new valuation of Raison is up from the previous $11.5M. This was confirmed by an Estonian venture capital firm Server Partners, who invested in the Raison app in 2021’s financial round.
Raison app uses a special investment fund to purchase companies’ shares. The fund is managed by a parent company, Raison Asset Management, which currently manages over $50M of assets.
Making venture investing simple
A complete wealth management platform will be developed by the combined company with a new unified visual identity, for both retail and HNWI investors.
Raison has obtained a broker/dealer and investment adviser licence with AIFC as part of its 2023 expansion plan, enabling the company to provide its services on a worldwide scale with a focus on Europe and the CIS region.
In order to invest in 20 of the best private tech businesses, including SpaceX, Neuralink, and the most recent addition of OpenAI, more than 30,000 consumers from 34 countries have enrolled on the Raison app.
By employing fractional shares, which lower entrance tickets to only a few euros, app users can create a well-diversified venture portfolio. This makes Raison accessible to investors of any capital.
Raison is currently entering a new phase as it becomes a one-stop resource for wealth management. The platform will also integrate the stock market and extend virtual assets in addition to providing simple access to venture capital and private equity agreements. This will help users control and keep track of assets using a single interface.
Additionally, HNIs will also receive additional privileges, such as access to exclusive VC transactions and services like trust management, financial advising, and structured notes.
To raise funding
Raison aims to raise its next round of funding via a crowdfunding platform as it moves on from its earlier services and builds a large-scale product. This decision supports Raison’s aim of democratising the investing process and enabling the like-minded investor community to support the expansion of the app.
The company claims that it is currently at the stage of development where it will give its services to consumers and disrupt the wealth tech sector.
Alexander Zaytsev, CEO and co-founder of Raison, says, “As the world continues to adopt digitalisation and simplicity in its services, Raison commits to following these trends and creating solutions that meet today’s needs of investors.”
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