Openspace Ventures Leads USD 5.5M Series B+ Funding Round for Finnomena

Fadhilah Syara (Rara)
July 4, 2023

We are thrilled to share that Openspace Ventures has taken the lead in a $5.5M Series B+ fundraising round for Finnomena.

Finnomena is a Thailand-based wealth management platform that caters to investors and financial advisors by offering personalized investment recommendations based on their individual risk profiles and financial goals. The platform also offers educational content and tools to empower users to make well-informed investment decisions.

The recent funding secured by Finnomena will be utilized to further develop its investment management platform and expand its range of products to include new asset classes like crowdfunding and investment tokens. These innovations are a direct response to investor demands, the evolving global economy, and the challenges faced by the global capital markets.

Matt Windsor, Vice President at Openspace Ventures, expressed his enthusiasm for the investment by stating, "We are excited to continue partnering with FINNOMENA as the lead Investor for this oversubscribed Series B+ round. With the growing interest in investments among Thai investors, this funding round will enable FINNOMENA to solidify its position as Thailand's leading wealth-tech platform and empower the company to introduce new and innovative products for its valued customers."

This funding round highlights Finnomena's continued growth which is demonstrated by the growth of its investor base, now accounting for more than 5% of Thailand's mutual fund investors.

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We are thrilled to share that Openspace Ventures has taken the lead in a $5.5M Series B+ fundraising round for Finnomena.

Finnomena is a Thailand-based wealth management platform that caters to investors and financial advisors by offering personalized investment recommendations based on their individual risk profiles and financial goals. The platform also offers educational content and tools to empower users to make well-informed investment decisions.

The recent funding secured by Finnomena will be utilized to further develop its investment management platform and expand its range of products to include new asset classes like crowdfunding and investment tokens. These innovations are a direct response to investor demands, the evolving global economy, and the challenges faced by the global capital markets.

Matt Windsor, Vice President at Openspace Ventures, expressed his enthusiasm for the investment by stating, "We are excited to continue partnering with FINNOMENA as the lead Investor for this oversubscribed Series B+ round. With the growing interest in investments among Thai investors, this funding round will enable FINNOMENA to solidify its position as Thailand's leading wealth-tech platform and empower the company to introduce new and innovative products for its valued customers."

This funding round highlights Finnomena's continued growth which is demonstrated by the growth of its investor base, now accounting for more than 5% of Thailand's mutual fund investors.

RETURN TO INSIGHTS