Quin raised €1 million in a seed round led by Sino AG with participation from Runa Capital and APX.

Quin, a Berlin, Germany-based digital investment advisor, announced that it secured funding of €1 million ($1.2M).

The money was raised from a strategic investor, the German brokerage house sino AG, through its 100% subsidiary, sino Beteiligungen GmbH, as well as from Runa Capital, an American venture capital company headquartered in Palo Alto, California, APX (Axel Springer Porsche GmbH & Co. KG) from Germany, and other undisclosed private investors.

Quin, founded in 2020 by CEO Christian Rokitta and Raphael Steil, built a mobile and web-based sigital advising platform aimed at private investors who want to have ETF portfolios created according to their individual needs.

The company's platform also supports the selection of the best broker for the user - Quin itself does not maintain any accounts or custody accounts. Quin doesn’t charge any fees or commission on the capital invested but plans to introduce a paid version of the product that would add premium functions, other investment options and allow users to connect with multiple banks.