Finary Completes €25 Million Series B Funding, Led by PayPal Ventures

Finary, a wealth management platform, announced the completion of a €25 million Series B funding round led by PayPal Ventures, with participation from LocalGlobe, Hedosophia, Shapers, and existing investors Y Combinator and Speedinvest. Finary plans to leverage AI technology to create an automated and personalized wealth management platform. It will also launch new products such as brokerage accounts, investment accounts (PEAs), and retirement accounts (PERs), and expand into more European markets. Finary currently has over 600,000 users and aims to achieve profitability in the fourth quarter of 2024.