Yomoni announced raising €8.7 million from Weber Investissements and Crédit Mutuel Arkea.

Yomoni, a Paris, France-based supplier of private banking services, announced that it had raised 8.7 million euros ($10.3M).

The round was led by its existing investors Weber Investissements and Crédit Mutuel Arkea. Funding will be used to expand the company's portfolio by launching a retirement savings plan (PER) offer by the end of the year.

Yomoni, founded in 2014 by Sébastien d'Ornano, Moutaza Asad-Syed and Laurent Girard, developed a digital service that provides a fee-based automated portfolio management platform used to manage an investor's portfolio. claims to have more than 21,000 customers and 250 million euros of assets under management, against 186 million euros at the end of 2019.

Prior to this round, Yomoni secured about $9 million.