AMWatch

Norwegian venture fund backs Danish robo-advisor to challenge June, Nora and Munnypot

Nord Investments, offering a passive investment solution, talks about the tough times that followed the ruins of a former partnership bank. However, with a partner in place, acquisition of a broker license and a new large investment, they are now ready to nine-fold their AUM.

Photo: Nord investments PR

Danish financial service Nord Investments, offering passive investment management using a robot advisor, is about to receive DKK 8m.

Primarily, the money comes from Norwegian venture fund specializing in fintech, Finstart, owned by Norwegian bank SpareBank 1 SR-Bank. Investment companies Capnova and Northeast venture, already found among the existing owners of Nord Investments, also take part in the round of investment.

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