M1 Finance, a robo-advisory investment platform, has raised $150M in Series E that drew participation from SoftBank Group among other investors.
HOW’S THE COMPANY PERFORMING?
- Illinois-based M1 Finance is a robo-advisory investment app. The company claims to have tripled its AUM since July 1, 2020 to a current value of over $4.5B. It has also doubled its user base during this period.
- The company’s workforce grew from 40 employees at the beginning of 2020 to 265 in 2021.
- M1 Finance reportedly witnessed 3x more sign-ups in January 2021 compared to December 2020.
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The post This SoftBank-Backed Fintech Company Raised $150M To Expand Its Investment App appeared first on CB Insights Research.