BetterWealth raised SEK 6.5M from angel investors Anders Petersson and Mikael Hägg.

BetterWealth, a Malmö, Sweden-based digital financial services provider, announced that it secured fresh capital of SEK 6.5M ($785k).

The money was raised from local investors Anders Pettersson and Mikael Hägg.

BetterWealth, founded in 2016 by David Jönsson, Henrik Jönsson, Martin Tegnér, and Andreas Pålsson, and led by CEO Lennart Lundqvist, is providing investment advice to small private investors based on an algorithm-based portfolio management.

The company has previously raised about $2.6 million from investors including Collector Ventures and NFT Ventures.