Waizer picks up SEK 7.5M to bring to market an automated solution for asset management.
Waizer, a Stockholm, Sweden-based startup working on a robot advisor for providing strategic asset management insights, closed a SEK 7.5M ($890k) investment round. The money comes from a range of local angel investors led by Björn Algkvist and will be used to bring the company's product to market.
Waizer, founded in 2015 by CEO Michael Lindskog and Karl Erlandzon as a spinoff from Benify, developed a software solution providing digital investment advice and discretionary portfolio management. The company also developed a digital asset management service / personal saving product and is certified by the Swedish financial authority (Finansinspektionen).