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Aus fintechs team up to launch investment platform

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Three fintechs have joined forces to develop a wealth platform for the Australian market, with a former Citi banker having signed on as its chief. The new platform, Stropro, has been launched with backing from Seed Space, an early-stage venture capitalist. Stropro has leveraged partnerships with anti-money laundering compliance tool provider bronID, registry services provider Automic Group and technology solutions vendor eNoah iSolution.

Stropo has marketed itself as Australia’s first dedicated network for structured products. Ex-Citi banker Anto Joseph has taken the role of fronting the platform, as its chief executive. Mr Joseph said the fintech set a goal in early 2019 to deliver an end-to-end digital experience for structured product investors. “After working in investment banking for many years, we saw a huge gap in the market for structured products to be accessed by wholesale investors, SMSFs and the wealth professionals who advise them,” he said.

The rest of this article can be found at investordaily.com.au.

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